Post Utme Elizade University 2025 Economics Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2025 Economics Objective / Multiple Choice

Question 14 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ECONOMICS • objective

A monopolist faces a demand curve with a cons\tant elasticity of -3. If the firm's marginal revenue (MR) is given by MR = 150 - 3Q, where Q is the quantity sold, find the firm's optimal quantity and price.

Answer Options

A. Q = 25, P = 75

B. Q = 50, P = 50

Correct Answer C. Q = 75, P = 33.33

D. Q = 100, P = 25

Correct Answer

Correct Option:

Q = 75, P = 33.33

About This Question

This is Post Utme Elizade University 2025 Economics Question 14. It is one of the objective questions from the 2025 Post Utme Elizade University Economics examination.

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