Post Utme Uniosun 2021 Economics Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2021 Economics Objective / Multiple Choice

Question 31 POST_UTME_UNIOSUN • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a marginal revenue function MR = 200 - 4P. Find the profit-maximizing price and quantity.

Answer Options

A. P = 50, Q = 25

Correct Answer B. P = 75, Q = 12.5

C. P = 100, Q = 0

D. P = 0, Q = 100

Correct Answer

Correct Option:

P = 75, Q = 12.5

About This Question

This is Post Utme Uniosun 2021 Economics Question 31. It is one of the objective questions from the 2021 Post Utme Uniosun Economics examination.

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