Post Utme Summit University 2018 Economics Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Summit University Economics examination.

Post Utme Summit University 2018 Economics Objective / Multiple Choice
Question 1 POST_UTME_SUMMIT_UNIVERSITY • 2018 • 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?

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Summit University 2018 Economics Question 1. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.

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