Post Utme Veritas University 2020 Economics Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2020 Economics Objective / Multiple Choice

Question 7 POST_UTME_VERITAS_UNIVERSITY • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a \cost function given by C = 200 + 2Q. Find the profit-maximizing price and quantity.

Answer Options

A. ₦250, 400 units

Correct Answer B. ₦300, 500 units

C. ₦350, 600 units

D. ₦400, 700 units

Correct Answer

Correct Option:

₦300, 500 units

About This Question

This is Post Utme Veritas University 2020 Economics Question 7. It is one of the objective questions from the 2020 Post Utme Veritas University Economics examination.

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