Post Utme Ksu 2023 Economics Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice
Question 24 POST_UTME_KSU • 2023 • ECONOMICS • objective

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

Answer Options

A. 20
B. 40
Correct Answer C. 60
D. 80
Correct Answer
C
Correct Option:
60

About This Question

This is Post Utme Ksu 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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