Neco 2025 Economics Question 20

Practice objective / multiple choice question 20 from the 2025 Neco Economics examination.

Neco 2025 Economics Objective / Multiple Choice Medium Difficulty
Question 20 NECO • 2025 • ECONOMICS • objective

A monopolist faces the inverse demand curve \(P = 200 - 2Q\) and has a constant marginal cost of ₦20. Fixed costs are ₦500.\n\n(a) Determine the profit‑maximising output and price.\n(b) Compute the monopoly's profit at that output.

Answer Options

A. Q = 45, P = 100, profit = 3100
B. Q = 40, P = 120, profit = 3500
C. Q = 50, P = 100, profit = 3500
Correct Answer D. Q = 45, P = 110, profit = 3550
Correct Answer
D
Correct Option:
Q = 45, P = 110, profit = 3550

About This Question

This is Neco 2025 Economics Question 20. It is one of the objective questions from the 2025 Neco Economics examination.

Difficulty level: Medium .

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