Post Utme Covenant University 2021 Economics Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2021 Economics Objective / Multiple Choice
Question 14 POST_UTME_COVENANT_UNIVERSITY • 2021 • ECONOMICS • objective

A firm faces the following demand curve: Q = 100 - 2P. If the firm's marginal \cost is cons\tant at ₦50, what is the optimal price that the firm should charge?

Answer Options

A. ₦25
Correct Answer B. ₦50
C. ₦75
D. ₦100
Correct Answer
B
Correct Option:
₦50

About This Question

This is Post Utme Covenant University 2021 Economics Question 14. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.

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