Post Utme Achievers University 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2018 Economics Objective / Multiple Choice

Question 39 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The monopolist's marginal \cost is MC = 10 + 2Q. Find the profit-maximizing price and quantity.

Answer Options

A. P = 40, Q = 30

Correct Answer B. P = 50, Q = 25

C. P = 60, Q = 20

D. P = 70, Q = 15

Correct Answer

Correct Option:

P = 50, Q = 25

About This Question

This is Post Utme Achievers University 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Achievers University Economics examination.

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