Post Utme Lautech 2022 Economics Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Lautech Economics examination.

Post Utme Lautech 2022 Economics Objective / Multiple Choice

Question 39 POST_UTME_LAUTECH • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C = 20 + 5L + 2K. If the firm's current output is 60 units, calculate the firm's current profit-maximizing price and output.

Answer Options

A. P = 40, Q = 80

Correct Answer B. P = 30, Q = 60

C. P = 20, Q = 40

D. P = 10, Q = 20

Correct Answer

Correct Option:

P = 30, Q = 60

About This Question

This is Post Utme Lautech 2022 Economics Question 39. It is one of the objective questions from the 2022 Post Utme Lautech Economics examination.

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