Post Utme Esut 2022 Economics Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Esut Economics examination.

Post Utme Esut 2022 Economics Objective / Multiple Choice
Question 9 POST_UTME_ESUT • 2022 • ECONOMICS • objective

A monopolist faces a demand curve Q = 100 - 2P and a marginal revenue curve MR = 20 - 2Q. What is the optimal price and quantity?

Answer Options

A. $P = 20, Q = 40$
Correct Answer B. $P = 30, Q = 50$
C. $P = 40, Q = 60$
D. $P = 50, Q = 70$
Correct Answer
B
Correct Option:
$P = 30, Q = 50$

About This Question

This is Post Utme Esut 2022 Economics Question 9. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.

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