Post Utme Bsu 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Bsu Economics examination.

Post Utme Bsu 2018 Economics Objective / Multiple Choice
Question 22 POST_UTME_BSU • 2018 • 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 price and quantity at which the monopolist maximizes profit.

Answer Options

A. ₦50, 100 units
Correct Answer B. ₦75, 75 units
C. ₦25, 150 units
D. ₦100, 50 units
Correct Answer
B
Correct Option:
₦75, 75 units

About This Question

This is Post Utme Bsu 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Bsu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support