Post Utme Babcock University 2017 Economics Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2017 Economics Objective / Multiple Choice

Question 31 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist 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. ₦200, 50 units

Correct Answer B. ₦250, 75 units

C. ₦300, 100 units

D. ₦350, 125 units

Correct Answer

Correct Option:

₦250, 75 units

About This Question

This is Post Utme Babcock University 2017 Economics Question 31. It is one of the objective questions from the 2017 Post Utme Babcock University Economics examination.

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