Post Utme Lead City University 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolist faces a demand curve given by D(p) = 100 - 2p and a \cost function given by C(q) = 2q^2 + 5q + 10. U\sing the marginal revenue and marginal \cost approach, what is the monopolist's optimal output?

Answer Options

A. 10
B. 20
Correct Answer C. 30
D. 40
Correct Answer
C
Correct Option:
30

About This Question

This is Post Utme Lead City University 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Lead City University Economics examination.

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