Post Utme Lautech 2019 Economics Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Lautech Economics examination.

Post Utme Lautech 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_LAUTECH • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - 2Q and a marginal revenue curve given by MR = 50 - 2Q. If the firm's marginal \cost is cons\tant at 20, what is the profit-maximizing quantity and price?

Answer Options

Correct Answer A. Quantity = 20, Price = 60
B. Quantity = 15, Price = 70
C. Quantity = 25, Price = 50
D. Quantity = 10, Price = 80
Correct Answer
A
Correct Option:
Quantity = 20, Price = 60

About This Question

This is Post Utme Lautech 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Lautech Economics examination.

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