Post Utme Unn 2019 Economics Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice
Question 40 POST_UTME_UNN • 2019 • ECONOMICS • objective

A firm operates in a monopoly market with a demand curve \( P = 100 - 2Q \) and a marginal revenue (MR) curve \( MR = 100 - 4Q \). If the firm's marginal \cost (MC) is $20, what is its profit-maximizing quantity of output?

Answer Options

A. \( Q = 10 \)
B. \( Q = 15 \)
Correct Answer C. \( Q = 20 \)
D. \( Q = 25 \)
Correct Answer
C
Correct Option:
\( Q = 20 \)

About This Question

This is Post Utme Unn 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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