Post Utme Noun 2024 Economics Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 6 POST_UTME_NOUN • 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 quantity and price.

Answer Options

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

About This Question

This is Post Utme Noun 2024 Economics Question 6. It is one of the objective questions from the 2024 Post Utme Noun 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