Post Utme Osustech 2017 Economics Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Osustech Economics examination.

Post Utme Osustech 2017 Economics Objective / Multiple Choice
Question 31 POST_UTME_OSUSTECH • 2017 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. If the monopolist produces 20 units, what is the consumer surplus?

Answer Options

Correct Answer A. ₦1000
B. ₦1200
C. ₦1500
D. ₦1800
Correct Answer
A
Correct Option:
₦1000

About This Question

This is Post Utme Osustech 2017 Economics Question 31. It is one of the objective questions from the 2017 Post Utme Osustech Economics examination.

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