Post Utme Osustech 2023 Economics Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Osustech Economics examination.

Post Utme Osustech 2023 Economics Objective / Multiple Choice

Question 2 POST_UTME_OSUSTECH • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The monopolist's marginal \cost curve is given by MC = 10 + 2Q. What is the monopolist's profit-maximizing price and quantity?

Answer Options

Correct Answer A. P = ₦50, Q = 25

B. P = ₦75, Q = 25

C. P = ₦25, Q = 50

D. P = ₦100, Q = 50

Correct Answer

Correct Option:

P = ₦50, Q = 25

About This Question

This is Post Utme Osustech 2023 Economics Question 2. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.

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