Post Utme Uniport 2020 Economics Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Uniport Economics examination.

Post Utme Uniport 2020 Economics Objective / Multiple Choice

Question 36 POST_UTME_UNIPORT • 2020 • ECONOMICS • objective

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

Answer Options

A. ₦50, 50 units

Correct Answer B. ₦75, 25 units

C. ₦100, 0 units

D. ₦200, 100 units

Correct Answer

Correct Option:

₦75, 25 units

About This Question

This is Post Utme Uniport 2020 Economics Question 36. It is one of the objective questions from the 2020 Post Utme Uniport Economics examination.

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