Post Utme Delsu 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Delsu Economics examination.

Post Utme Delsu 2022 Economics Objective / Multiple Choice
Question 13 POST_UTME_DELSU • 2022 • ECONOMICS • objective

A monopolist faces a demand curve D(p) = 100 - 2p and has a marginal \cost (MC) of 10. If the firm's marginal revenue (MR) is 20, what is the equilibrium price and quantity?

Answer Options

Correct Answer A. \( p = 20, q = 40 \)
B. \( p = 30, q = 30 \)
C. \( p = 40, q = 20 \)
D. \( p = 50, q = 10 \)
Correct Answer
A
Correct Option:
\( p = 20, q = 40 \)

About This Question

This is Post Utme Delsu 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Delsu Economics examination.

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