Post Utme Caleb University 2021 Economics Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2021 Economics Objective / Multiple Choice
Question 21 POST_UTME_CALEB_UNIVERSITY • 2021 • 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, ₦100
C. 100 units, ₦50
D. 25 units, ₦200
Correct Answer
B
Correct Option:
75 units, ₦100

About This Question

This is Post Utme Caleb University 2021 Economics Question 21. It is one of the objective questions from the 2021 Post Utme Caleb University Economics examination.

View More Post Utme Caleb University 2021 Economics Questions More Post Utme Caleb University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support