Post Utme Unn 2024 Economics Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice
Question 31 POST_UTME_UNN • 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 price and quantity.

Answer Options

A. P = 50, Q = 25
Correct Answer B. P = 75, Q = 12.5
C. P = 25, Q = 50
D. P = 12.5, Q = 75
Correct Answer
B
Correct Option:
P = 75, Q = 12.5

About This Question

This is Post Utme Unn 2024 Economics Question 31. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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