Post Utme Futo 2023 Economics Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Futo Economics examination.

Post Utme Futo 2023 Economics Objective / Multiple Choice
Question 24 POST_UTME_FUTO • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a marginal revenue curve given by MR = 200 - 2P. If the firm produces 50 units, what is the price?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Futo 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Futo Economics examination.

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