Post Utme Rhema University 2024 Economics Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2024 Economics Objective / Multiple Choice
Question 22 POST_UTME_RHEMA_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The monopolist's marginal revenue (MR) function is given by MR = 200 - 2Q. What is the monopolist's optimal price?

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Rhema University 2024 Economics Question 22. It is one of the objective questions from the 2024 Post Utme Rhema University Economics examination.

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