Post Utme Aaua 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Aaua Economics examination.

Post Utme Aaua 2021 Economics Objective / Multiple Choice
Question 37 POST_UTME_AAUA • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by \( Q = 100 - 2P \). The marginal revenue (MR) function is given by \( MR = 200 - 2Q \). Find the profit-maximizing price and quantity.

Answer Options

A. \( P = 50, Q = 25 \)
Correct Answer B. \( P = 75, Q = 12.5 \)
C. \( P = 100, Q = 0 \)
D. \( P = 0, Q = 50 \)
Correct Answer
B
Correct Option:
\( P = 75, Q = 12.5 \)

About This Question

This is Post Utme Aaua 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.

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