Post Utme Uniosun 2017 Economics Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2017 Economics Objective / Multiple Choice

Question 40 POST_UTME_UNIOSUN • 2017 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 150 - 3P and a \cost function C(Q) = 3Q^2 + 20Q. What is the profit-maximizing price and quantity?

Answer Options

A. P = 45, Q = 25

Correct Answer B. P = 50, Q = 20

C. P = 55, Q = 15

D. P = 60, Q = 10

Correct Answer

Correct Option:

P = 50, Q = 20

About This Question

This is Post Utme Uniosun 2017 Economics Question 40. It is one of the objective questions from the 2017 Post Utme Uniosun Economics examination.

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