Post Utme Greenfield University 2022 Economics Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2022 Economics Objective / Multiple Choice
Question 18 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a \cost function of C(Q) = 2Q^2. If the firm produces 20 units, what is the profit-maximizing price?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Greenfield University 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Greenfield University Economics examination.

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