Post Utme Crawford University 2022 Economics Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2022 Economics Objective / Multiple Choice

Question 27 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ECONOMICS • objective

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

Answer Options

A. Q = 20, P = ₦30

Correct Answer B. Q = 30, P = ₦40

C. Q = 40, P = ₦50

D. Q = 50, P = ₦60

Correct Answer

Correct Option:

Q = 30, P = ₦40

About This Question

This is Post Utme Crawford University 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Crawford University Economics examination.

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