Post Utme Bells University 2023 Economics Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Bells University Economics examination.

Post Utme Bells University 2023 Economics Objective / Multiple Choice
Question 25 POST_UTME_BELLS_UNIVERSITY • 2023 • ECONOMICS • objective

A monopolist faces a market demand curve given by Qd = 100 - 2P and a marginal revenue function MR = 2P - 20. If the firm's marginal \cost is MC = 10, what is the profit-maximizing quantity and price?

Answer Options

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

About This Question

This is Post Utme Bells University 2023 Economics Question 25. It is one of the objective questions from the 2023 Post Utme Bells University Economics examination.

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