Post Utme Rhema University 2022 Economics Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2022 Economics Objective / Multiple Choice
Question 36 POST_UTME_RHEMA_UNIVERSITY • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. If the monopolist produces 20 units, what is the consumer surplus?

Answer Options

A. ₦500
Correct Answer B. ₦1000
C. ₦2000
D. ₦3000
Correct Answer
B
Correct Option:
₦1000

About This Question

This is Post Utme Rhema University 2022 Economics Question 36. It is one of the objective questions from the 2022 Post Utme Rhema University Economics examination.

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