Post Utme Bells University 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Bells University Economics examination.

Post Utme Bells University 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_BELLS_UNIVERSITY • 2023 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Bells University 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Bells University Economics examination.

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