Post Utme Lasu 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_LASU • 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 monopolist's marginal \cost function is given by MC = 10 + 2Q, what is the monopolist's optimal price and quantity?

Answer Options

Correct Answer A. P = 50, Q = 25
B. P = 75, Q = 12.5
C. P = 100, Q = 0
D. P = 0, Q = 50
Correct Answer
A
Correct Option:
P = 50, Q = 25

About This Question

This is Post Utme Lasu 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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