Post Utme Bsu 2025 Economics Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Bsu Economics examination.

Post Utme Bsu 2025 Economics Objective / Multiple Choice
Question 36 POST_UTME_BSU • 2025 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve with a cons\tant elasticity of -2. If the firm's marginal revenue (MR) is 200, and its marginal \cost (MC) is 150, what is the optimal quantity of output (Q) that the firm should produce?

Answer Options

A. 300
B. 400
Correct Answer C. 500
D. 600
Correct Answer
C
Correct Option:
500

About This Question

This is Post Utme Bsu 2025 Economics Question 36. It is one of the objective questions from the 2025 Post Utme Bsu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support