Post Utme Ksu 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_KSU • 2018 • ECONOMICS • objective

A monopolist is facing a demand curve given by Q = 100 - 2P. The marginal revenue (MR) is given by MR = 2Q. If the firm wants to maximize its profit, what should be the price of the product?

Answer Options

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

About This Question

This is Post Utme Ksu 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support