Post Utme Oau 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_OAU • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - 2q. The marginal revenue function is given by MR = 100 - 4q. What is the profit-maximizing quantity?

Answer Options

A. 10
B. 20
Correct Answer C. 25
D. 30
Correct Answer
C
Correct Option:
25

About This Question

This is Post Utme Oau 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

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