Post Utme Esut 2023 Economics Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Esut Economics examination.

Post Utme Esut 2023 Economics Objective / Multiple Choice
Question 4 POST_UTME_ESUT • 2023 • ECONOMICS • objective

A firm's demand curve is given by Qd = 100 - 2P and its supply curve is given by Qs = 2P - 20. If the firm is a monopolist, find the profit-maximizing quantity and price.

Answer Options

A. Q = 20, P = ₦60
B. Q = 30, P = ₦80
Correct Answer C. Q = 40, P = ₦100
D. Q = 50, P = ₦120
Correct Answer
C
Correct Option:
Q = 40, P = ₦100

About This Question

This is Post Utme Esut 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.

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