Post Utme Unilorin 2024 Economics Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice

Question 11 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C = 50 + 5Q. What is the profit-maximizing price and quantity?

Answer Options

A. P = 40, Q = 30

Correct Answer B. P = 50, Q = 25

C. P = 60, Q = 20

D. P = 70, Q = 15

Correct Answer

Correct Option:

P = 50, Q = 25

About This Question

This is Post Utme Unilorin 2024 Economics Question 11. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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