Post Utme Oau 2019 Economics Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Oau Economics examination.

Post Utme Oau 2019 Economics Objective / Multiple Choice

Question 4 POST_UTME_OAU • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a \cost curve given by C = 100 + 2Q. What is the profit-maximizing price and quantity?

Correct Answer A. P = 75, Q = 25

B. P = 50, Q = 50

C. P = 25, Q = 75

D. P = 0, Q = 100

Correct Answer

Correct Option:

P = 75, Q = 25

This is Post Utme Oau 2019 Economics Question 4. It is one of the objective questions from the 2019 Post Utme Oau Economics examination.

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