Post Utme Bells University 2020 Economics Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Bells University Economics examination.

Post Utme Bells University 2020 Economics Objective / Multiple Choice
Question 37 POST_UTME_BELLS_UNIVERSITY • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by \( Q = 100 - 2P \). The monopolist's marginal revenue function is given by \( MR = 20 - 2P \). What is the monopolist's optimal price and quantity?

Answer Options

Correct Answer A. \( P = 20, Q = 40 \)
B. \( P = 15, Q = 50 \)
C. \( P = 10, Q = 60 \)
D. \( P = 25, Q = 30 \)
Correct Answer
A
Correct Option:
\( P = 20, Q = 40 \)

About This Question

This is Post Utme Bells University 2020 Economics Question 37. It is one of the objective questions from the 2020 Post Utme Bells University Economics examination.

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