Post Utme Lautech 2019 Economics Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Lautech Economics examination.

Post Utme Lautech 2019 Economics Objective / Multiple Choice

Question 26 POST_UTME_LAUTECH • 2019 • 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. 20 units, ₦80

Correct Answer B. 30 units, ₦60

C. 40 units, ₦40

D. 50 units, ₦20

Correct Answer

Correct Option:

30 units, ₦60

About This Question

This is Post Utme Lautech 2019 Economics Question 26. It is one of the objective questions from the 2019 Post Utme Lautech Economics examination.

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