Post Utme Oau 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice

Question 23 POST_UTME_OAU • 2024 • ECONOMICS • objective

A monopoly has a demand curve given by Q = 100 - 2P. If the firm's marginal revenue function is given by MR = 2P - 100, what is the profit-maximizing price and quantity?

A. P = 50, Q = 50

Correct Answer B. P = 75, Q = 75

C. P = 100, Q = 100

D. P = 125, Q = 125

Correct Answer

Correct Option:

P = 75, Q = 75

This is Post Utme Oau 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

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