Post Utme Covenant University 2017 Economics Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice
Question 14 POST_UTME_COVENANT_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist's demand curve is given by Qd = 100 - 2P and the marginal revenue (MR) is 80. Find the value of P.

Answer Options

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

About This Question

This is Post Utme Covenant University 2017 Economics Question 14. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.

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