Post Utme Uniben 2025 Economics Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Uniben Economics examination.

Post Utme Uniben 2025 Economics Objective / Multiple Choice

Question 10 POST_UTME_UNIBEN • 2025 • ECONOMICS • objective

A monopolist faces a demand curve with the following equation: \( Q = 100 - 2P \). If the monopolist's marginal revenue (MR) is given by \( MR = 50 - P \), find the monopolist's profit-maximizing price and quantity.

Answer Options

Correct Answer A. P = 40, Q = 60

B. P = 30, Q = 70

C. P = 50, Q = 50

D. P = 20, Q = 80

Correct Answer

Correct Option:

P = 40, Q = 60

About This Question

This is Post Utme Uniben 2025 Economics Question 10. It is one of the objective questions from the 2025 Post Utme Uniben Economics examination.

View More Post Utme Uniben 2025 Economics Questions More Post Utme Uniben 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