Post Utme Ims U 2017 Economics Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Ims U Economics examination.

Post Utme Ims U 2017 Economics Objective / Multiple Choice

Question 16 POST_UTME_IMS_U • 2017 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. What is the profit-maximizing price and quantity?

Correct Answer A. P = 50, Q = 25

B. P = 75, Q = 12

C. P = 25, Q = 50

D. P = 12, Q = 75

Correct Answer

Correct Option:

P = 50, Q = 25

This is Post Utme Ims U 2017 Economics Question 16. It is one of the objective questions from the 2017 Post Utme Ims U Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support