Post Utme Abu 2019 Economics Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Abu Economics examination.

Post Utme Abu 2019 Economics Objective / Multiple Choice
Question 33 POST_UTME_ABU • 2019 • ECONOMICS • objective
Post Utme Abu 2019 Economics Question 33 diagram

A monopolist faces a demand curve given by Qd = 100 - 2P and a marginal revenue curve given by MR = 20 - 2P. Find the profit-maximizing price and quantity u\sing the diagram below.

Answer Options

A. ₦30, Q = 40
B. ₦40, Q = 30
Correct Answer C. ₦50, Q = 20
D. ₦60, Q = 10
Correct Answer
C
Correct Option:
₦50, Q = 20

About This Question

This is Post Utme Abu 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Abu Economics examination.

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