Post Utme Osustech 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Osustech Economics examination.

Post Utme Osustech 2019 Economics Objective / Multiple Choice

Question 2 POST_UTME_OSUSTECH • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by \( Q = 100 - 2P \) and a \cost function \( C = 50 + 10Q \). Find the profit-maximizing price and quantity.

Answer Options

A. \( P = 20, Q = 40 \)

Correct Answer B. \( P = 30, Q = 50 \)

C. \( P = 40, Q = 60 \)

D. \( P = 50, Q = 70 \)

Correct Answer

Correct Option:

\( P = 30, Q = 50 \)

About This Question

This is Post Utme Osustech 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.

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