Post Utme Afe Babalola University 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A firm faces the following demand curve: Q = 100 - 2P. If the firm's marginal \cost is ₦20, what is the optimal price to charge?

Answer Options

A. ₦40
Correct Answer B. ₦30
C. ₦50
D. ₦60
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Afe Babalola University 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Economics examination.

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