Post Utme Rhema University 2017 Economics Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2017 Economics Objective / Multiple Choice
Question 6 POST_UTME_RHEMA_UNIVERSITY • 2017 • ECONOMICS • objective

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

Answer Options

A. ₦50, 50 units
Correct Answer B. ₦40, 60 units
C. ₦30, 70 units
D. ₦20, 80 units
Correct Answer
B
Correct Option:
₦40, 60 units

About This Question

This is Post Utme Rhema University 2017 Economics Question 6. It is one of the objective questions from the 2017 Post Utme Rhema University Economics examination.

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