Post Utme Lautech 2025 Economics Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Lautech Economics examination.

Post Utme Lautech 2025 Economics Objective / Multiple Choice

Question 2 POST_UTME_LAUTECH • 2025 • ECONOMICS • objective

A monopolist faces a demand curve given by \( Q = 100 - 2P \). If the marginal \cost is \( MC = 10 \), determine the profit-maximizing price and quantity.

Answer Options

Correct Answer A. \( P = 40, Q = 60 \)

B. \( P = 50, Q = 70 \)

C. \( P = 60, Q = 80 \)

D. \( P = 70, Q = 90 \)

Correct Answer

Correct Option:

\( P = 40, Q = 60 \)

About This Question

This is Post Utme Lautech 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Lautech Economics examination.

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