Post Utme Covenant University 2019 Economics Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2019 Economics Objective / Multiple Choice
Question 25 POST_UTME_COVENANT_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P, where Qd is demand and P is price. If the firm's marginal revenue is ₦50, what is the firm's optimal price?

Answer Options

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

About This Question

This is Post Utme Covenant University 2019 Economics Question 25. It is one of the objective questions from the 2019 Post Utme Covenant University Economics examination.

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