Post Utme Lead City University 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2017 Economics Objective / Multiple Choice

Question 25 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist faces a market demand curve given by Q = 100 - 2P and a marginal revenue curve given by MR = 20 - 2Q. What is the monopolist's profit-maximizing price and quantity?

Answer Options

Correct Answer A. P = 40, Q = 30

B. P = 30, Q = 40

C. P = 20, Q = 50

D. P = 50, Q = 20

Correct Answer

Correct Option:

P = 40, Q = 30

About This Question

This is Post Utme Lead City University 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Lead City University Economics examination.

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