Post Utme Osustech 2024 Economics Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice

Question 37 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A monopolist faces a demand curve D(p) = 100 - 2p and a \cost function C(q) = 10q + 100. Find the profit-maximizing price and quantity.

Answer Options

A. \( p = 20, q = 30 \)

B. \( p = 25, q = 35 \)

Correct Answer C. \( p = 30, q = 40 \)

D. \( p = 35, q = 45 \)

Correct Answer

Correct Option:

\( p = 30, q = 40 \)

About This Question

This is Post Utme Osustech 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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