Post Utme Eksu 2022 Economics Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Eksu Economics examination.

Post Utme Eksu 2022 Economics Objective / Multiple Choice
Question 30 POST_UTME_EKSU • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P. If the marginal revenue is MR = 200 - 2P, what is the price at which the monopolist maximizes profit?

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Eksu 2022 Economics Question 30. It is one of the objective questions from the 2022 Post Utme Eksu Economics examination.

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