Post Utme Aaua 2018 Economics Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Aaua Economics examination.

Post Utme Aaua 2018 Economics Objective / Multiple Choice
Question 34 POST_UTME_AAUA • 2018 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm's marginal revenue (MR) is 20, what is the firm's optimal price?

Answer Options

A. 10
Correct Answer B. 15
C. 20
D. 25
Correct Answer
B
Correct Option:
15

About This Question

This is Post Utme Aaua 2018 Economics Question 34. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.

View More Post Utme Aaua 2018 Economics Questions More Post Utme Aaua Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support