Post Utme Delsu 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Delsu Economics examination.

Post Utme Delsu 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_DELSU • 2021 • ECONOMICS • objective

A firm is a pure monopolist in its market. If the firm's demand curve is given by Q = 100 - P, and the firm's marginal revenue curve is given by MR = 2P, what is the firm's optimal price?

Answer Options

A. ₦50
B. ₦60
Correct Answer C. ₦70
D. ₦80
Correct Answer
C
Correct Option:
₦70

About This Question

This is Post Utme Delsu 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Delsu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support