Post Utme Igbinedion University 2018 Economics Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2018 Economics Objective / Multiple Choice

Question 13 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ECONOMICS • objective

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

Answer Options

A. P = ₦40, Q = 30

Correct Answer B. P = ₦50, Q = 25

C. P = ₦60, Q = 20

D. P = ₦70, Q = 15

Correct Answer

Correct Option:

P = ₦50, Q = 25

About This Question

This is Post Utme Igbinedion University 2018 Economics Question 13. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.

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