Post Utme Afe Babalola University 2024 Economics Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2024 Economics Objective / Multiple Choice

Question 39 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

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

Answer Options

A. P = 50, Q = 25

B. P = 75, Q = 20

Correct Answer C. P = 60, Q = 30

D. P = 40, Q = 40

Correct Answer

Correct Option:

P = 60, Q = 30

About This Question

This is Post Utme Afe Babalola University 2024 Economics Question 39. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.

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