Post Utme Joseph Ayo Babalola University 2018 Economics Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2018 Economics Objective / Multiple Choice
Question 6 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 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 monopolist produces 20 units, what is the consumer surplus?

Answer Options

A. ₦1000
B. ₦1200
Correct Answer C. ₦1500
D. ₦1800
Correct Answer
C
Correct Option:
₦1500

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Economics Question 6. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

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