Post Utme Bsu 2025 Economics Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Bsu Economics examination.

Post Utme Bsu 2025 Economics Objective / Multiple Choice
Question 14 POST_UTME_BSU • 2025 • ECONOMICS • objective

A firm's total revenue (TR) is given by TR = 100P - P^2, where P is the price of the product. If the firm's marginal revenue (MR) is ₦50, what is the price at which MR = TR?

Answer Options

A. P = ₦20
Correct Answer B. P = ₦30
C. P = ₦40
D. P = ₦50
Correct Answer
B
Correct Option:
P = ₦30

About This Question

This is Post Utme Bsu 2025 Economics Question 14. It is one of the objective questions from the 2025 Post Utme Bsu Economics examination.

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