Post Utme Babcock University 2019 Economics Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2019 Economics Objective / Multiple Choice

Question 40 POST_UTME_BABCOCK_UNIVERSITY • 2019 • 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

Correct Answer A. P = 50, Q = 25

B. P = 75, Q = 12

C. P = 25, Q = 50

D. P = 12, Q = 75

Correct Answer

Correct Option:

P = 50, Q = 25

About This Question

This is Post Utme Babcock University 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Babcock University Economics examination.

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