Post Utme Babcock University 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2017 Economics Objective / Multiple Choice
Question 12 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist faces a market demand curve given by Q = 100 - 2P and a marginal revenue function MR = 200 - 2P. Find the monopolist's profit-maximizing price and quantity.

Answer Options

Correct Answer A. ₦50, 75 units
B. ₦60, 80 units
C. ₦70, 85 units
D. ₦80, 90 units
Correct Answer
A
Correct Option:
₦50, 75 units

About This Question

This is Post Utme Babcock University 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Babcock University Economics examination.

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