Post Utme Rhema University 2025 Economics Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2025 Economics Objective / Multiple Choice
Question 12 POST_UTME_RHEMA_UNIVERSITY • 2025 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a marginal revenue function given by MR = 20 - 2P. What is the price at which the monopolist maximizes profit?

Answer Options

A. ₦50
Correct Answer B. ₦60
C. ₦70
D. ₦80
Correct Answer
B
Correct Option:
₦60

About This Question

This is Post Utme Rhema University 2025 Economics Question 12. It is one of the objective questions from the 2025 Post Utme Rhema University Economics examination.

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