Post Utme Unilorin 2022 Economics Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2022 Economics Objective / Multiple Choice

Question 3 POST_UTME_UNILORIN • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a marginal revenue curve given by MR = 200 - 2Q. U\sing the concept of marginal revenue and marginal \cost, determine the monopolist's equilibrium price and quantity.

Answer Options

A. P = 30, Q = 40

B. P = 40, Q = 30

Correct Answer C. P = 50, Q = 20

D. P = 60, Q = 10

Correct Answer

Correct Option:

P = 50, Q = 20

About This Question

This is Post Utme Unilorin 2022 Economics Question 3. It is one of the objective questions from the 2022 Post Utme Unilorin Economics examination.

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