Post Utme Caleb University 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2024 Economics Objective / Multiple Choice

Question 7 POST_UTME_CALEB_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - 2q and has a \cost function C(q) = 50q + 100. Find the monopolist's profit-maximizing quantity and price.

Answer Options

Correct Answer A. q = 25, P = 50

B. q = 30, P = 40

C. q = 35, P = 30

D. q = 40, P = 20

Correct Answer

Correct Option:

q = 25, P = 50

About This Question

This is Post Utme Caleb University 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Caleb University Economics examination.

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