Post Utme Skyline University 2024 Economics Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2024 Economics Objective / Multiple Choice
Question 37 POST_UTME_SKYLINE_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolist produces a product with a demand function of Q = 100 - 2P and a \cost function of C = 20 + 5Q. What is the profit-maximizing price and quantity of the product?

Answer Options

A. P = ₦50, Q = 50
B. P = ₦75, Q = 25
C. P = ₦100, Q = 0
Correct Answer D. P = ₦125, Q = 50
Correct Answer
D
Correct Option:
P = ₦125, Q = 50

About This Question

This is Post Utme Skyline University 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Skyline University Economics examination.

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