Post Utme Eksu 2023 Economics Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Eksu Economics examination.

Post Utme Eksu 2023 Economics Objective / Multiple Choice
Question 12 POST_UTME_EKSU • 2023 • ECONOMICS • objective

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

Answer Options

Correct Answer A. P = 40, Q = 30
B. P = 50, Q = 25
C. P = 60, Q = 20
D. P = 70, Q = 15
Correct Answer
A
Correct Option:
P = 40, Q = 30

About This Question

This is Post Utme Eksu 2023 Economics Question 12. It is one of the objective questions from the 2023 Post Utme Eksu Economics examination.

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