Post Utme Greenfield University 2023 Economics Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2023 Economics Objective / Multiple Choice
Question 4 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by \( Q = 100 - 2P \) and a marginal revenue curve given by \( MR = 20 - 2Q \). What is the profit-maximizing quantity?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Greenfield University 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Greenfield University Economics examination.

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