Post Utme Lasu 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Lasu Economics examination.

Post Utme Lasu 2019 Economics Objective / Multiple Choice
Question 3 POST_UTME_LASU • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a marginal revenue function MR = 200 - 4Q. If the firm produces 20 units, what is the price?

Answer Options

A. 30
B. 40
Correct Answer C. 50
D. 60
Correct Answer
C
Correct Option:
50

About This Question

This is Post Utme Lasu 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Lasu Economics examination.

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