Post Utme Uniben 2025 Economics Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Uniben Economics examination.

Post Utme Uniben 2025 Economics Objective / Multiple Choice

Question 17 POST_UTME_UNIBEN • 2025 • ECONOMICS • objective

A monopolist faces a demand curve D(p) = 100 - 2p and has a marginal \cost (MC) of 10. If the firm's marginal revenue (MR) is given by MR(p) = 200 - 4p, what is the firm's profit-maximizing price and quantity?

Answer Options

Correct Answer A. \( p = 30, q = 30 \)

B. \( p = 40, q = 20 \)

C. \( p = 50, q = 10 \)

D. \( p = 60, q = 5 \)

Correct Answer

Correct Option:

\( p = 30, q = 30 \)

About This Question

This is Post Utme Uniben 2025 Economics Question 17. It is one of the objective questions from the 2025 Post Utme Uniben Economics examination.

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