Post Utme Afe Babalola University 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2018 Economics Objective / Multiple Choice
Question 17 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the firm's marginal revenue (MR) is equal to its marginal \cost (MC), what is the price at which the firm will produce?

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Afe Babalola University 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.

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