Post Utme Christopher University 2017 Economics Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2017 Economics Objective / Multiple Choice

Question 16 POST_UTME_CHRISTOPHER_UNIVERSITY • 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 quantity and price, assuming the monopolist has no fixed \costs.

Answer Options

A. Q = 20, P = 40

B. Q = 30, P = 50

Correct Answer C. Q = 40, P = 60

D. Q = 50, P = 70

Correct Answer

Correct Option:

Q = 40, P = 60

About This Question

This is Post Utme Christopher University 2017 Economics Question 16. It is one of the objective questions from the 2017 Post Utme Christopher University Economics examination.

View More Post Utme Christopher University 2017 Economics Questions More Post Utme Christopher 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