Post Utme Unilorin 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A monopolist's demand curve is given by Q = 100 - 2P, and its marginal revenue curve is given by MR = 100 - 2P. Find the price and quantity at which the monopolist maximizes profit.

Answer Options

A. ₦50, 150
Correct Answer B. ₦75, 125
C. ₦100, 100
D. ₦125, 75
Correct Answer
B
Correct Option:
₦75, 125

About This Question

This is Post Utme Unilorin 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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