Post Utme Ui 2018 Economics Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice
Question 36 POST_UTME_UI • 2018 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. Find the profit-maximizing quantity and price.

Answer Options

A. 50 units, ₦100
Correct Answer B. 75 units, ₦80
C. 100 units, ₦60
D. 125 units, ₦40
Correct Answer
B
Correct Option:
75 units, ₦80

About This Question

This is Post Utme Ui 2018 Economics Question 36. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

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