Post Utme Rsu 2022 Economics Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Rsu Economics examination.

Post Utme Rsu 2022 Economics Objective / Multiple Choice
Question 25 POST_UTME_RSU • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. What is the 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 Rsu 2022 Economics Question 25. It is one of the objective questions from the 2022 Post Utme Rsu Economics examination.

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