Neco 2022 Economics Question 35

Practice objective / multiple choice question 35 from the 2022 Neco Economics examination.

Neco 2022 Economics Objective / Multiple Choice Medium Difficulty
Question 35 NECO • 2022 • ECONOMICS • objective

A monopolist faces the demand curve \(P = 200 - 2Q\) and has total cost \(TC = 20Q + 0.5Q^{2}\). Determine the profit‑maximising output, the corresponding price, and the maximum profit (in Naira).

Answer Options

A. Output = 30 units, Price = 140, Profit = 3150
Correct Answer B. Output = 36 units, Price = 128, Profit = 3240
C. Output = 40 units, Price = 120, Profit = 3200
D. Output = 34 units, Price = 132, Profit = 3230
Correct Answer
B
Correct Option:
Output = 36 units, Price = 128, Profit = 3240

About This Question

This is Neco 2022 Economics Question 35. It is one of the objective questions from the 2022 Neco Economics examination.

Difficulty level: Medium .

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