Post Utme Unilorin 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2018 Economics Objective / Multiple Choice

Question 29 POST_UTME_UNILORIN • 2018 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a \cost function C(Q) = 10Q + 20Q^2. Find the profit-maximizing quantity and price.

Answer Options

Correct Answer A. ₦60, 40 units

B. ₦50, 30 units

C. ₦40, 20 units

D. ₦30, 10 units

Correct Answer

Correct Option:

₦60, 40 units

About This Question

This is Post Utme Unilorin 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Unilorin Economics examination.

View More Post Utme Unilorin 2018 Economics Questions More Post Utme Unilorin Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support