Post Utme Greenfield University 2017 Economics Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2017 Economics Objective / Multiple Choice
Question 17 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ECONOMICS • objective

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

Answer Options

A. P = 50, Q = 25
Correct Answer B. P = 75, Q = 12.5
C. P = 25, Q = 50
D. P = 12.5, Q = 75
Correct Answer
B
Correct Option:
P = 75, Q = 12.5

About This Question

This is Post Utme Greenfield University 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.

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