Post Utme Al Hikmah University 2018 Economics Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice
Question 34 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's market structure is characterized by a demand function P = 100 - 2Q. If the firm's marginal \cost is ₦20, what is the firm's optimal price?

Answer Options

A. ₦80
B. ₦90
Correct Answer C. ₦100
D. ₦110
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 34. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.

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