Post Utme Noun 2022 Economics Question 38
Practice objective / multiple choice question 38 from the 2022 Post Utme Noun Economics examination.
A monopolist's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's marginal revenue function is MR = 200 - 4Q, what is the optimal price that maximizes profit?
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About This Question
This is Post Utme Noun 2022 Economics Question 38. It is one of the objective questions from the 2022 Post Utme Noun Economics examination.
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