Post Utme Elizade University 2025 Economics Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2025 Economics Objective / Multiple Choice

Question 37 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a \cost function of C(Q) = 10Q + 100. U\sing the first-order condition for profit maximization, find the monopolist's optimal price and quantity.

Answer Options

A. P = 50, Q = 25

Correct Answer B. P = 75, Q = 50

C. P = 25, Q = 50

D. P = 50, Q = 100

Correct Answer

Correct Option:

P = 75, Q = 50

About This Question

This is Post Utme Elizade University 2025 Economics Question 37. It is one of the objective questions from the 2025 Post Utme Elizade University Economics examination.

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