Post Utme Skyline University 2021 Economics Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice

Question 4 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by \( P = 100 - Q \). If the firm's marginal \cost is \( MC = 20 + 2Q \), find the monopolist's profit-maximizing output and price.

Answer Options

Correct Answer A. Q = 20, P = 60

B. Q = 30, P = 50

C. Q = 40, P = 40

D. Q = 50, P = 30

Correct Answer

Correct Option:

Q = 20, P = 60

About This Question

This is Post Utme Skyline University 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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