Post Utme Delsu 2023 Commerce Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Delsu Commerce examination.

Post Utme Delsu 2023 Commerce Objective / Multiple Choice
Question 29 POST_UTME_DELSU • 2023 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's marginal revenue function is MR = 200 - 4P, what is the firm's optimal price?

Answer Options

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

About This Question

This is Post Utme Delsu 2023 Commerce Question 29. It is one of the objective questions from the 2023 Post Utme Delsu Commerce examination.

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