Post Utme Covenant University 2021 Economics Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2021 Economics Objective / Multiple Choice
Question 8 POST_UTME_COVENANT_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's demand function is given by \( Q = 100 - 2P \). If the firm's marginal revenue is ₦50, calculate the optimal price.

Answer Options

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

About This Question

This is Post Utme Covenant University 2021 Economics Question 8. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.

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