Post Utme Oau 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Oau Economics examination.

Post Utme Oau 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_OAU • 2017 • ECONOMICS • objective

A monopolist faces the following demand and \cost functions:\n\nDemand: Qd = 100 - 2P\nCost: C = 20 + 5Q\n\nDetermine the monopolist's profit-maximizing price and quantity.

Answer Options

A. ₦50, 50 units
Correct Answer B. ₦40, 60 units
C. ₦30, 70 units
D. ₦20, 80 units
Correct Answer
B
Correct Option:
₦40, 60 units

About This Question

This is Post Utme Oau 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.

View More Post Utme Oau 2017 Economics Questions More Post Utme Oau 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