Post Utme Noun 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Noun Economics examination.

Post Utme Noun 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_NOUN • 2018 • ECONOMICS • objective

A monopolist produces a good with a cons\tant marginal \cost of ₦10 per unit. The inverse demand function for the good is given by \( P = 100 - Q \), where ( P ) is the price and ( Q ) is the quantity sold. Calculate the monopolist's profit-maximizing quantity and price.

Answer Options

Correct Answer A. Q = 40, P = ₦60
B. Q = 30, P = ₦70
C. Q = 20, P = ₦80
D. Q = 10, P = ₦90
Correct Answer
A
Correct Option:
Q = 40, P = ₦60

About This Question

This is Post Utme Noun 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Noun Economics examination.

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