Post Utme Crawford University 2021 Economics Question 8

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

Post Utme Crawford University 2021 Economics Objective / Multiple Choice
Question 8 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's marginal revenue function is given by MR = -2, what is the firm's 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 Crawford University 2021 Economics Question 8. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

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