Post Utme Achievers University 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Achievers University 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.

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