Post Utme Rhema University 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice

Question 39 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by \( Q = 100 - 2P \) and a \cost function given by \( C = 20 + 5Q \). Find the profit-maximizing price and quantity.

Answer Options

A. P = ₦20, Q = 40

B. P = ₦30, Q = 30

C. P = ₦40, Q = 20

D. P = ₦50, Q = 10

Correct Answer

N/A

About This Question

This is Post Utme Rhema University 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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