Post Utme Delsu 2017 Economics Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Delsu Economics examination.

Post Utme Delsu 2017 Economics Objective / Multiple Choice
Question 19 POST_UTME_DELSU • 2017 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm's marginal revenue is MR = 50 - 2Q, what is the optimal price and quantity?

Answer Options

Correct Answer A. P = 40, Q = 30
B. P = 30, Q = 40
C. P = 20, Q = 50
D. P = 50, Q = 20
Correct Answer
A
Correct Option:
P = 40, Q = 30

About This Question

This is Post Utme Delsu 2017 Economics Question 19. It is one of the objective questions from the 2017 Post Utme Delsu Economics examination.

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