Post Utme Igbinedion University 2019 Economics Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2019 Economics Objective / Multiple Choice
Question 29 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolist faces a demand curve of Q = 100 - 2P and a \cost function of C(Q) = 2Q^2 + 10Q + 100. If the firm produces 20 units of output, what is the profit?

Answer Options

A. ₦1,000
B. ₦1,200
Correct Answer C. ₦1,400
D. ₦1,600
Correct Answer
C
Correct Option:
₦1,400

About This Question

This is Post Utme Igbinedion University 2019 Economics Question 29. It is one of the objective questions from the 2019 Post Utme Igbinedion University Economics examination.

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