Post Utme Aaua 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 34 POST_UTME_AAUA • 2024 • ECONOMICS • objective
Post Utme Aaua 2024 Economics Question 34 diagram

A monopolist produces a product with a demand function of Q = 100 - 2P and a \cost function of C = 20 + 5Q. What is the profit-maximizing price and quantity?

Answer Options

Correct Answer A. P = 30, Q = 40
B. P = 40, Q = 30
C. P = 50, Q = 20
D. P = 60, Q = 10
Correct Answer
A
Correct Option:
P = 30, Q = 40

About This Question

This is Post Utme Aaua 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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