Post Utme Futo 2021 Economics Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 6 POST_UTME_FUTO • 2021 • 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 produces 20 units, what is the total revenue?

Answer Options

A. ₦2000
Correct Answer B. ₦2500
C. ₦3000
D. ₦3500
Correct Answer
B
Correct Option:
₦2500

About This Question

This is Post Utme Futo 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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