Post Utme Unn 2017 Economics Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Unn Economics examination.

Post Utme Unn 2017 Economics Objective / Multiple Choice

Question 37 POST_UTME_UNN • 2017 • ECONOMICS • objective

A monopolist faces a market demand curve given by \( Q = 100 - 2P \). The monopolist's marginal \cost curve is given by \( MC = 10 + 2Q \). Find the profit-maximizing price and quantity.

A. \( P = 40, Q = 60 \)

B. \( P = 50, Q = 70 \)

Correct Answer C. \( P = 60, Q = 80 \)

D. \( P = 70, Q = 90 \)

Correct Answer

Correct Option:

\( P = 60, Q = 80 \)

This is Post Utme Unn 2017 Economics Question 37. It is one of the objective questions from the 2017 Post Utme Unn Economics examination.

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