Post Utme Coal City University 2021 Economics Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2021 Economics Objective / Multiple Choice

Question 34 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function given by C = 10 + 2Q. What is the monopolist's profit-maximizing price and quantity?

Answer Options

A. P = 20, Q = 40

Correct Answer B. P = 15, Q = 30

C. P = 10, Q = 20

D. P = 5, Q = 10

Correct Answer

Correct Option:

P = 15, Q = 30

About This Question

This is Post Utme Coal City University 2021 Economics Question 34. It is one of the objective questions from the 2021 Post Utme Coal City University Economics examination.

View More Post Utme Coal City University 2021 Economics Questions More Post Utme Coal City 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