Post Utme Bowen University 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2019 Economics Objective / Multiple Choice
Question 3 POST_UTME_BOWEN_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The marginal revenue function is MR = 50 - 2Q. Find the profit-maximizing quantity.

Answer Options

A. 50 units
Correct Answer B. 75 units
C. 100 units
D. 125 units
Correct Answer
B
Correct Option:
75 units

About This Question

This is Post Utme Bowen University 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Bowen University Economics examination.

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