Post Utme Mountain Top University 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2024 Economics Objective / Multiple Choice
Question 34 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ECONOMICS • objective

Consider a monopoly with a demand curve given by Qd = 100 - 2P and a \cost function given by C(q) = 2q^2 + 10q + 5. Find the profit-maximizing quantity and price.

Answer Options

A. q = 10, P = 20
Correct Answer B. q = 20, P = 30
C. q = 30, P = 40
D. q = 40, P = 50
Correct Answer
B
Correct Option:
q = 20, P = 30

About This Question

This is Post Utme Mountain Top University 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Mountain Top University Economics examination.

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