Post Utme Bsu 2018 Economics Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Bsu Economics examination.

Post Utme Bsu 2018 Economics Objective / Multiple Choice

Question 31 POST_UTME_BSU • 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 price and quantity.

Correct Answer A. P = 40, Q = 30

B. P = 50, Q = 20

C. P = 60, Q = 10

D. P = 70, Q = 5

Correct Answer

Correct Option:

P = 40, Q = 30

This is Post Utme Bsu 2018 Economics Question 31. It is one of the objective questions from the 2018 Post Utme Bsu Economics examination.

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