Post Utme Abu 2023 Economics Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Abu Economics examination.

Post Utme Abu 2023 Economics Objective / Multiple Choice
Question 15 POST_UTME_ABU • 2023 • ECONOMICS • objective

A monopolist's demand curve is given by Q = 100 - 2P. If the firm's marginal revenue is given by MR = 200 - 4Q, what is the firm's optimal price?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Abu 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Abu Economics examination.

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