Post Utme Lautech 2022 Economics Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Lautech Economics examination.

Post Utme Lautech 2022 Economics Objective / Multiple Choice

Question 33 POST_UTME_LAUTECH • 2022 • 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. 50 units, ₦150

Correct Answer B. 75 units, ₦120

C. 100 units, ₦100

D. 125 units, ₦80

Correct Answer

Correct Option:

75 units, ₦120

About This Question

This is Post Utme Lautech 2022 Economics Question 33. It is one of the objective questions from the 2022 Post Utme Lautech Economics examination.

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