Post Utme Coal City University 2021 Economics Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2021 Economics Objective / Multiple Choice
Question 7 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a \cost function C(Q) = 10Q + 100. If the monopolist produces 20 units of the good, what is the consumer surplus?

Answer Options

A. $100
B. $200
Correct Answer C. $300
D. $400
Correct Answer
C
Correct Option:
$300

About This Question

This is Post Utme Coal City University 2021 Economics Question 7. It is one of the objective questions from the 2021 Post Utme Coal City University Economics examination.

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