Post Utme Igbinedion University 2023 Economics Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2023 Economics Objective / Multiple Choice

Question 22 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ECONOMICS • objective

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

Answer Options

A. P = ₦50, Q = 25

B. P = ₦75, Q = 50

Correct Answer C. P = ₦100, Q = 75

D. P = ₦125, Q = 100

Correct Answer

Correct Option:

P = ₦100, Q = 75

About This Question

This is Post Utme Igbinedion University 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Igbinedion University Economics examination.

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