Post Utme Eksu 2020 Economics Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Eksu Economics examination.

Post Utme Eksu 2020 Economics Objective / Multiple Choice
Question 31 POST_UTME_EKSU • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The inverse demand function is Q = 2P + 50. The monopolist's marginal \cost is MC = 10 + 2Q. Find the profit-maximizing price and quantity.

Answer Options

A. P = 25, Q = 75
Correct Answer B. P = 30, Q = 80
C. P = 35, Q = 85
D. P = 40, Q = 90
Correct Answer
B
Correct Option:
P = 30, Q = 80

About This Question

This is Post Utme Eksu 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Eksu Economics examination.

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