Post Utme Mountain Top University 2017 Economics Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2017 Economics Objective / Multiple Choice
Question 11 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. What is the profit-maximizing price and quantity?

Answer Options

Correct Answer A. \( P = 50, Q = 25 \)
B. \( P = 75, Q = 50 \)
C. \( P = 25, Q = 50 \)
D. \( P = 50, Q = 50 \)
Correct Answer
A
Correct Option:
\( P = 50, Q = 25 \)

About This Question

This is Post Utme Mountain Top University 2017 Economics Question 11. It is one of the objective questions from the 2017 Post Utme Mountain Top University Economics examination.

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