Post Utme Bsu 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Bsu Economics examination.

Post Utme Bsu 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_BSU • 2022 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's marginal revenue (MR) is 20, what is the optimal price to charge?

Answer Options

A. P = 10
Correct Answer B. P = 20
C. P = 30
D. P = 40
Correct Answer
B
Correct Option:
P = 20

About This Question

This is Post Utme Bsu 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Bsu Economics examination.

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