Post Utme Christopher University 2020 Economics Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice

Question 16 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

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

Answer Options

A. P = 50, Q = 25

Correct Answer B. P = 75, Q = 12.5

C. P = 100, Q = 0

D. P = 0, Q = 100

Correct Answer

Correct Option:

P = 75, Q = 12.5

About This Question

This is Post Utme Christopher University 2020 Economics Question 16. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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