Post Utme Igbinedion University 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2024 Economics Objective / Multiple Choice
Question 25 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ECONOMICS • objective

Suppose a monopolist faces a demand curve given by Qd = 100 - 2P and a \cost function C(Q) = 10Q + 5Q^2. Find the profit-maximizing quantity and price.

Answer Options

A. Q = 20, P = 40
B. Q = 30, P = 50
Correct Answer C. Q = 40, P = 60
D. Q = 50, P = 70
Correct Answer
C
Correct Option:
Q = 40, P = 60

About This Question

This is Post Utme Igbinedion University 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Igbinedion University Economics examination.

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