Post Utme Uniben 2025 Economics Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Uniben Economics examination.

Post Utme Uniben 2025 Economics Objective / Multiple Choice

Question 6 POST_UTME_UNIBEN • 2025 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve with the following equation: \( Q = 100 - 2P \). If the firm's marginal revenue (MR) is given by \( MR = 50 - P \), find the firm'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 6. It is one of the objective questions from the 2025 Post Utme Uniben Economics examination.

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