Post Utme Ims U 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

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

Answer Options

A. ₦50
B. ₦60
Correct Answer C. ₦70
D. ₦80
Correct Answer
C
Correct Option:
₦70

About This Question

This is Post Utme Ims U 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

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