Post Utme Ims U 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Ims U 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

View More Post Utme Ims U 2024 Economics Questions More Post Utme Ims U Practice Questions Back to Questions

Master the Exam!

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