Post Utme Babcock University 2021 Economics Question 2

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

Post Utme Babcock University 2021 Economics Objective / Multiple Choice

Question 2 POST_UTME_BABCOCK_UNIVERSITY • 2021 • ECONOMICS • objective

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

Answer Options

Correct Answer A. \( P = 50, Q = 25 \)

B. \( P = 75, Q = 20 \)

C. \( P = 100, Q = 50 \)

D. \( P = 120, Q = 60 \)

Correct Answer

Correct Option:

\( P = 50, Q = 25 \)

About This Question

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

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