Post Utme Unilorin 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_UNILORIN • 2017 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - Q. The marginal revenue (MR) function is given by MR = 100 - 2Q. If the firm produces 20 units, what is the price?

Answer Options

A. 80
B. 90
Correct Answer C. 100
D. 110
Correct Answer
C
Correct Option:
100

About This Question

This is Post Utme Unilorin 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Unilorin Economics examination.

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