Post Utme Lead City University 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2021 Economics Objective / Multiple Choice

Question 13 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

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

Answer Options

Correct Answer A. Q = 20, P = 80

B. Q = 15, P = 85

C. Q = 25, P = 75

D. Q = 30, P = 70

Correct Answer

Correct Option:

Q = 20, P = 80

About This Question

This is Post Utme Lead City University 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Lead City University Economics examination.

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