Post Utme Al Hikmah University 2021 Economics Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2021 Economics Objective / Multiple Choice
Question 2 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a \cost function C(Q) = 10Q + 100. If the firm produces 50 units, what is the profit?

Answer Options

A. ₦500
Correct Answer B. ₦1000
C. ₦1500
D. ₦2000
Correct Answer
B
Correct Option:
₦1000

About This Question

This is Post Utme Al Hikmah University 2021 Economics Question 2. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Economics examination.

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