Post Utme Pan Atlantic University 2022 Economics Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2022 Economics Objective / Multiple Choice
Question 22 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • ECONOMICS • objective

A monopolist faces a market demand curve given by \( Q = 100 - 2P \). If 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. \( P = 40, Q = 30 \)
B. \( P = 50, Q = 25 \)
C. \( P = 60, Q = 20 \)
D. \( P = 70, Q = 15 \)
Correct Answer
A
Correct Option:
\( P = 40, Q = 30 \)

About This Question

This is Post Utme Pan Atlantic University 2022 Economics Question 22. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Economics examination.

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