Post Utme Elizade University 2025 Economics Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2025 Economics Objective / Multiple Choice
Question 2 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a marginal revenue curve given by MR = 200 - 2P. Find the profit-maximizing price and quantity u\sing the marginal revenue and marginal \cost framework.

Answer Options

Correct Answer A. \( P = 75, Q = 25 \)
B. \( P = 50, Q = 50 \)
C. \( P = 25, Q = 75 \)
D. \( P = 100, Q = 0 \)
Correct Answer
A
Correct Option:
\( P = 75, Q = 25 \)

About This Question

This is Post Utme Elizade University 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Elizade University Economics examination.

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