Post Utme Osustech 2017 Economics Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Osustech Economics examination.

Post Utme Osustech 2017 Economics Objective / Multiple Choice

Question 26 POST_UTME_OSUSTECH • 2017 • ECONOMICS • objective

A monopolist faces a demand curve given by \( Q = 100 - 2P \) and a \cost function \( C = 50 + 5Q \). Calculate the profit-maximizing price and quantity.

Answer Options

Correct Answer A. \( P = 30, Q = 35 \)

B. \( P = 40, Q = 30 \)

C. \( P = 50, Q = 25 \)

D. \( P = 60, Q = 20 \)

Correct Answer

Correct Option:

\( P = 30, Q = 35 \)

About This Question

This is Post Utme Osustech 2017 Economics Question 26. It is one of the objective questions from the 2017 Post Utme Osustech Economics examination.

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