Post Utme Rhema University 2023 Economics Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 12 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a marginal revenue function MR = 20 - 2Q. Determine the profit-maximizing price and quantity.

Answer Options

Correct Answer A. ₦40, 60 units
B. ₦60, 40 units
C. ₦80, 20 units
D. ₦20, 80 units
Correct Answer
A
Correct Option:
₦40, 60 units

About This Question

This is Post Utme Rhema University 2023 Economics Question 12. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

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