Post Utme Skyline University 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2018 Economics Objective / Multiple Choice

Question 17 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P. If the marginal revenue (MR) is given by MR = 200 - 2Q, what is the profit-maximizing quantity and price?

Answer Options

A. 50 units, ₦40

Correct Answer B. 60 units, ₦30

C. 70 units, ₦20

D. 80 units, ₦10

Correct Answer

Correct Option:

60 units, ₦30

About This Question

This is Post Utme Skyline University 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Skyline University Economics examination.

View More Post Utme Skyline University 2018 Economics Questions More Post Utme Skyline University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support