Post Utme Ui 2019 Economics Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Ui Economics examination.

Post Utme Ui 2019 Economics Objective / Multiple Choice

Question 32 POST_UTME_UI • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The marginal revenue function is given by MR = 50 - 2Q. Find the equilibrium price and quantity.

A. P = 20, Q = 40

Correct Answer B. P = 30, Q = 50

C. P = 40, Q = 60

D. P = 50, Q = 70

Correct Answer

Correct Option:

P = 30, Q = 50

This is Post Utme Ui 2019 Economics Question 32. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.

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