Post Utme Achievers University 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Achievers University 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Achievers University Economics examination.

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