Post Utme Lasu 2023 Economics Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice
Question 17 POST_UTME_LASU • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - 2Q. The marginal revenue function is MR = 50 - 2Q. What is the 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 Lasu 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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