Post Utme Uniport 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Uniport Economics examination.

Post Utme Uniport 2023 Economics Objective / Multiple Choice
Question 38 POST_UTME_UNIPORT • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the firm's marginal revenue (MR) is given by MR = 200 - 4P, what is the firm's optimal quantity?

Answer Options

A. 50 units
B. 75 units
Correct Answer C. 100 units
D. 125 units
Correct Answer
C
Correct Option:
100 units

About This Question

This is Post Utme Uniport 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Uniport Economics examination.

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