Post Utme Covenant University 2022 Economics Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2022 Economics Objective / Multiple Choice

Question 16 POST_UTME_COVENANT_UNIVERSITY • 2022 • 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

Correct Option:

75 units, ₦100

About This Question

This is Post Utme Covenant University 2022 Economics Question 16. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.

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