Post Utme Afe Babalola University 2021 Economics Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice
Question 9 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's marginal revenue (MR) is 20, 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 Afe Babalola University 2021 Economics Question 9. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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