Post Utme Bsu 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Bsu Economics examination.

Post Utme Bsu 2017 Economics Objective / Multiple Choice
Question 5 POST_UTME_BSU • 2017 • 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 price and quantity.

Answer Options

A. ₦50, 50 units
Correct Answer B. ₦75, 25 units
C. ₦100, 0 units
D. ₦200, 100 units
Correct Answer
B
Correct Option:
₦75, 25 units

About This Question

This is Post Utme Bsu 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Bsu Economics examination.

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