Post Utme Abu 2017 Commerce Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Abu Commerce examination.

Post Utme Abu 2017 Commerce Objective / Multiple Choice
Question 4 POST_UTME_ABU • 2017 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's marginal revenue is 50, what is the optimal price?

Answer Options

A. 25
Correct Answer B. 30
C. 35
D. 40
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Abu 2017 Commerce Question 4. It is one of the objective questions from the 2017 Post Utme Abu Commerce examination.

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