Post Utme Crawford University 2021 Economics Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2021 Economics Objective / Multiple Choice

Question 12 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P and a marginal revenue curve given by MR = 50 - 2Q. Find the firm's profit-maximizing output and price.

Answer Options

Correct Answer A. Q = 20, P = 40

B. Q = 30, P = 35

C. Q = 40, P = 30

D. Q = 50, P = 25

Correct Answer

Correct Option:

Q = 20, P = 40

About This Question

This is Post Utme Crawford University 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

View More Post Utme Crawford University 2021 Economics Questions More Post Utme Crawford University Practice Questions Back to Questions

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