Post Utme Noun 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Noun Economics examination.

Post Utme Noun 2017 Economics Objective / Multiple Choice
Question 28 POST_UTME_NOUN • 2017 • ECONOMICS • objective

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

Answer Options

Correct Answer A. 200 units, ₦75
B. 150 units, ₦50
C. 100 units, ₦100
D. 50 units, ₦125
Correct Answer
A
Correct Option:
200 units, ₦75

About This Question

This is Post Utme Noun 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.

View More Post Utme Noun 2017 Economics Questions More Post Utme Noun Practice Questions Back to Questions

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