Post Utme Abu 2022 Economics Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Abu Economics examination.

Post Utme Abu 2022 Economics Objective / Multiple Choice
Question 2 POST_UTME_ABU • 2022 • ECONOMICS • objective

A firm operating in a monopoly market has a demand function Qd = 100 - 2P and a marginal revenue function MR = 50 - 2Q. Determine the firm's profit-maximizing price and quantity.

Answer Options

Correct Answer A. ₦150, 50 units
B. ₦200, 75 units
C. ₦250, 100 units
D. ₦300, 125 units
Correct Answer
A
Correct Option:
₦150, 50 units

About This Question

This is Post Utme Abu 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Abu Economics examination.

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