Post Utme Veritas University 2021 Economics Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2021 Economics Objective / Multiple Choice

Question 38 POST_UTME_VERITAS_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolist faces a market demand curve given by Qd = 100 - 2P and a marginal revenue function MR = 20 - 2Q. Find the profit-maximizing quantity and price.

Answer Options

Correct Answer A. 50 units, ₦75

B. 25 units, ₦100

C. 0 units, ₦200

D. 100 units, ₦50

Correct Answer

Correct Option:

50 units, ₦75

About This Question

This is Post Utme Veritas University 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.

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