Post Utme Igbinedion University 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2019 Economics Objective / Multiple Choice
Question 13 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P. If the firm's marginal revenue (MR) is given by MR = 100 - 2Q, what is the firm's 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 Igbinedion University 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Igbinedion University Economics examination.

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