Post Utme Afe Babalola University 2019 Economics Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2019 Economics Objective / Multiple Choice
Question 16 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. What is the profit-maximizing price?

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Afe Babalola University 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Economics examination.

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