Post Utme Osustech 2017 Economics Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Osustech Economics examination.

Post Utme Osustech 2017 Economics Objective / Multiple Choice

Question 37 POST_UTME_OSUSTECH • 2017 • ECONOMICS • objective

A monopolist faces a market demand curve given by Qd = 100 - 2P and a marginal revenue function given by MR = 200 - 2Q. Find the monopolist's profit-maximizing output and price.

Answer Options

Correct Answer A. $Q = 40, P = 30$

B. $Q = 60, P = 20$

C. $Q = 80, P = 10$

D. $Q = 100, P = 0$

Correct Answer

Correct Option:

$Q = 40, P = 30$

About This Question

This is Post Utme Osustech 2017 Economics Question 37. It is one of the objective questions from the 2017 Post Utme Osustech Economics examination.

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