Post Utme Christopher University 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 20 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. The firm's marginal revenue function is given by MR = 200 - 2Q. Find the firm's 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
B
Correct Option:
P = 75, Q = 12.5

About This Question

This is Post Utme Christopher University 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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