Post Utme Joseph Ayo Babalola University 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2018 Economics Objective / Multiple Choice
Question 17 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P. The firm's marginal \cost is MC = 10 + 2Q. Find the monopolist's profit-maximizing quantity and price.

Answer Options

Correct Answer A. Q = 40, P = $60
B. Q = 30, P = $70
C. Q = 20, P = $80
D. Q = 50, P = $50
Correct Answer
A
Correct Option:
Q = 40, P = $60

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

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