Post Utme Nile University 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Nile University Economics examination.

Post Utme Nile University 2024 Economics Objective / Multiple Choice
Question 20 POST_UTME_NILE_UNIVERSITY • 2024 • ECONOMICS • objective

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

Answer Options

A. P = 40, Q = 30
B. P = 60, Q = 20
Correct Answer C. P = 50, Q = 25
D. P = 45, Q = 35
Correct Answer
C
Correct Option:
P = 50, Q = 25

About This Question

This is Post Utme Nile University 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Nile University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support