Post Utme Futo 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Futo Economics examination.

Post Utme Futo 2022 Economics Objective / Multiple Choice
Question 17 POST_UTME_FUTO • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The marginal revenue function is given by MR = 50 - 2Q. Find the equilibrium price and quantity.

Answer Options

A. (20, 40)
Correct Answer B. (30, 50)
C. (40, 60)
D. (50, 70)
Correct Answer
B
Correct Option:
(30, 50)

About This Question

This is Post Utme Futo 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Futo Economics examination.

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