Post Utme Ims U 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Ims U Economics examination.

Post Utme Ims U 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_IMS_U • 2021 • ECONOMICS • objective

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

Answer Options

A. $20, 40 units
Correct Answer B. $30, 60 units
C. $40, 80 units
D. $50, 100 units
Correct Answer
B
Correct Option:
$30, 60 units

About This Question

This is Post Utme Ims U 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Ims U Economics examination.

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