Post Utme Elizade University 2017 Economics Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2017 Economics Objective / Multiple Choice

Question 26 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. If the monopolist's marginal revenue is MR = 200 - 4Q, find the profit-maximizing quantity and price.

Answer Options

A. 50 units, ₦150

B. 75 units, ₦120

Correct Answer C. 100 units, ₦100

D. 125 units, ₦80

Correct Answer

Correct Option:

100 units, ₦100

About This Question

This is Post Utme Elizade University 2017 Economics Question 26. It is one of the objective questions from the 2017 Post Utme Elizade University Economics examination.

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