Post Utme Christopher University 2017 Economics Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2017 Economics Objective / Multiple Choice
Question 37 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal revenue is MR = 200 - 4Q, what is the firm's optimal price?

Answer Options

A. ₦50
Correct Answer B. ₦60
C. ₦70
D. ₦80
Correct Answer
B
Correct Option:
₦60

About This Question

This is Post Utme Christopher University 2017 Economics Question 37. It is one of the objective questions from the 2017 Post Utme Christopher University Economics examination.

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