Post Utme Summit University 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Summit University Economics examination.

Post Utme Summit University 2019 Economics Objective / Multiple Choice

Question 23 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolist's demand curve is given by Qd = 100 - 2P, and the marginal revenue function is given by MR = 2P - 50. Find the price and quantity at which the monopolist maximizes profit.

Answer Options

Correct Answer A. ₦75, 25

B. ₦50, 50

C. ₦25, 75

D. ₦100, 0

Correct Answer

Correct Option:

₦75, 25

About This Question

This is Post Utme Summit University 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Summit University Economics examination.

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