Post Utme Bowen University 2017 Economics Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2017 Economics Objective / Multiple Choice

Question 16 POST_UTME_BOWEN_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The monopolist's marginal \cost is MC = 10 + 2Q. Find the profit-maximizing price and quantity.

Answer Options

A. ₦200, 50 units

Correct Answer B. ₦300, 75 units

C. ₦400, 100 units

D. ₦500, 125 units

Correct Answer

Correct Option:

₦300, 75 units

About This Question

This is Post Utme Bowen University 2017 Economics Question 16. It is one of the objective questions from the 2017 Post Utme Bowen University Economics examination.

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