Post Utme Bowen University 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2021 Economics Objective / Multiple Choice
Question 36 POST_UTME_BOWEN_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function of C(Q) = 10Q + 100. If the monopolist produces 40 units, what is the consumer surplus?

Answer Options

Correct Answer A. ₦1000
B. ₦1200
C. ₦1500
D. ₦1800
Correct Answer
A
Correct Option:
₦1000

About This Question

This is Post Utme Bowen University 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Bowen University Economics examination.

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