Post Utme Madonna University 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_MADONNA_UNIVERSITY • 2023 • ECONOMICS • objective

A firm is operating in a monopoly market. If the firm's demand function is Q = 100 - 2P and the firm's marginal revenue function is MR = 200 - 2Q, what will be the firm's profit-maximizing output?

Answer Options

A. 20 units
Correct Answer B. 30 units
C. 40 units
D. 50 units
Correct Answer
B
Correct Option:
30 units

About This Question

This is Post Utme Madonna University 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.

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