Post Utme Esut 2018 Economics Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Esut Economics examination.

Post Utme Esut 2018 Economics Objective / Multiple Choice

Question 37 POST_UTME_ESUT • 2018 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a marginal revenue function given by MR = 2P. If the firm's marginal \cost is cons\tant at 10, what is the profit-maximizing price and quantity?

Correct Answer A. P = 40, Q = 30

B. P = 30, Q = 40

C. P = 60, Q = 20

D. P = 20, Q = 60

Correct Answer

Correct Option:

P = 40, Q = 30

This is Post Utme Esut 2018 Economics Question 37. It is one of the objective questions from the 2018 Post Utme Esut Economics examination.

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