Post Utme Eksu 2022 Economics Question 16

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

Post Utme Eksu 2022 Economics Objective / Multiple Choice
Question 16 POST_UTME_EKSU • 2022 • ECONOMICS • objective

Suppose a monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. If the monopolist produces 20 units, what is the profit-maximizing price?

Answer Options

A. ₦80
Correct Answer B. ₦90
C. ₦100
D. ₦110
Correct Answer
B
Correct Option:
₦90

About This Question

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

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