Post Utme Ksu 2021 Economics Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice
Question 32 POST_UTME_KSU • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a marginal revenue function MR = 20 - 2Q. If the firm produces 20 units, what is the total revenue?

Answer Options

A. ₦2000
B. ₦2500
Correct Answer C. ₦3000
D. ₦3500
Correct Answer
C
Correct Option:
₦3000

About This Question

This is Post Utme Ksu 2021 Economics Question 32. It is one of the objective questions from the 2021 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