Post Utme Futo 2021 Economics Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 21 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. If the firm's marginal revenue is MR = 50 - 2Q, what is the optimal quantity to produce?

Answer Options

A. 25
B. 50
Correct Answer C. 75
D. 100
Correct Answer
C
Correct Option:
75

About This Question

This is Post Utme Futo 2021 Economics Question 21. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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