Post Utme Lautech 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Lautech Economics examination.

Post Utme Lautech 2019 Economics Objective / Multiple Choice

Question 3 POST_UTME_LAUTECH • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by \( P = 100 - 2Q \) and a \cost function given by \( C = 20 + 10Q \). Calculate the profit-maximizing quantity and price.

Answer Options

Correct Answer A. 20, 80

B. 30, 70

C. 40, 60

D. 50, 50

Correct Answer

Correct Option:

20, 80

About This Question

This is Post Utme Lautech 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Lautech Economics examination.

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