Post Utme Bowen University 2018 Economics Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2018 Economics Objective / Multiple Choice
Question 11 POST_UTME_BOWEN_UNIVERSITY • 2018 • 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 quantity and price.

Answer Options

A. 50 units, ₦150
Correct Answer B. 75 units, ₦120
C. 100 units, ₦100
D. 125 units, ₦80
Correct Answer
B
Correct Option:
75 units, ₦120

About This Question

This is Post Utme Bowen University 2018 Economics Question 11. It is one of the objective questions from the 2018 Post Utme Bowen University Economics examination.

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