Post Utme Uniport 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Uniport Economics examination.

Post Utme Uniport 2024 Economics Objective / Multiple Choice
Question 21 POST_UTME_UNIPORT • 2024 • 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, assuming the monopolist sells the output at the market price.

Answer Options

Correct Answer A. Q = 50, P = 75
B. Q = 75, P = 50
C. Q = 25, P = 100
D. Q = 100, P = 0
Correct Answer
A
Correct Option:
Q = 50, P = 75

About This Question

This is Post Utme Uniport 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Uniport Economics examination.

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