Post Utme Noun 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Noun Economics examination.

Post Utme Noun 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_NOUN • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - Q. The monopolist's \cost function is given by C(Q) = 20Q + 100. Find the monopolist's profit-maximizing quantity and price.

Answer Options

Correct Answer A. Q = 20, P = 80
B. Q = 40, P = 60
C. Q = 60, P = 40
D. Q = 80, P = 20
Correct Answer
A
Correct Option:
Q = 20, P = 80

About This Question

This is Post Utme Noun 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Noun Economics examination.

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