Post Utme Eksu 2018 Economics Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Eksu Economics examination.

Post Utme Eksu 2018 Economics Objective / Multiple Choice
Question 3 POST_UTME_EKSU • 2018 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - 2Q. The marginal \cost function is given by MC = 10 + 2Q. Find the profit-maximizing quantity and price.

Answer Options

A. Q = 20, P = ₦60
B. Q = 30, P = ₦80
Correct Answer C. Q = 40, P = ₦100
D. Q = 50, P = ₦120
Correct Answer
C
Correct Option:
Q = 40, P = ₦100

About This Question

This is Post Utme Eksu 2018 Economics Question 3. It is one of the objective questions from the 2018 Post Utme Eksu Economics examination.

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