Post Utme Babcock University 2023 Economics Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2023 Economics Objective / Multiple Choice

Question 37 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ECONOMICS • objective

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

Answer Options

A. $Q = 20, P = 40$

B. $Q = 30, P = 50$

Correct Answer C. $Q = 40, P = 60$

D. $Q = 50, P = 70$

Correct Answer

Correct Option:

$Q = 40, P = 60$

About This Question

This is Post Utme Babcock University 2023 Economics Question 37. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.

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