Post Utme Ims U 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 150 - 3Q. The monopolist's marginal \cost (MC) is given by MC = 15 + 3Q. Find the profit-maximizing quantity of output.

Answer Options

A. 15
B. 20
Correct Answer C. 25
D. 30
Correct Answer
C
Correct Option:
25

About This Question

This is Post Utme Ims U 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

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