Post Utme Abu 2018 Commerce Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Abu Commerce examination.

Post Utme Abu 2018 Commerce Objective / Multiple Choice

Question 29 POST_UTME_ABU • 2018 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal revenue function is given by MR = 200 - 2Q, find the firm's optimal price and quantity.

A. P = 50, Q = 50

Correct Answer B. P = 75, Q = 25

C. P = 100, Q = 0

D. P = 150, Q = -50

Correct Answer

Correct Option:

P = 75, Q = 25

This is Post Utme Abu 2018 Commerce Question 29. It is one of the objective questions from the 2018 Post Utme Abu Commerce examination.

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