Post Utme Ims U 2022 Economics Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Ims U Economics examination.

Post Utme Ims U 2022 Economics Objective / Multiple Choice
Question 7 POST_UTME_IMS_U • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The firm's marginal revenue (MR) is given by MR = 200 - 2Q. What is the firm's profit-maximizing price?

Answer Options

A. ₦50
Correct Answer B. ₦60
C. ₦70
D. ₦80
Correct Answer
B
Correct Option:
₦60

About This Question

This is Post Utme Ims U 2022 Economics Question 7. It is one of the objective questions from the 2022 Post Utme Ims U Economics examination.

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