Post Utme Veritas University 2025 Economics Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice

Question 12 POST_UTME_VERITAS_UNIVERSITY • 2025 • 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

Correct Answer A. P = ₦20, Q = 40

B. P = ₦30, Q = 60

C. P = ₦40, Q = 80

D. P = ₦50, Q = 100

Correct Answer

Correct Option:

P = ₦20, Q = 40

About This Question

This is Post Utme Veritas University 2025 Economics Question 12. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

View More Post Utme Veritas University 2025 Economics Questions More Post Utme Veritas University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support