Post Utme Delsu 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Delsu Economics examination.

Post Utme Delsu 2024 Economics Objective / Multiple Choice

Question 12 POST_UTME_DELSU • 2024 • ECONOMICS • objective

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

A. P = 40, Q = 30

Correct Answer B. P = 50, Q = 25

C. P = 60, Q = 20

D. P = 70, Q = 15

Correct Answer

Correct Option:

P = 50, Q = 25

This is Post Utme Delsu 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Delsu Economics examination.

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