Post Utme Eksu 2022 Commerce Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Eksu Commerce examination.

Post Utme Eksu 2022 Commerce Objective / Multiple Choice
Question 4 POST_UTME_EKSU • 2022 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's marginal revenue (MR) 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 Eksu 2022 Commerce Question 4. It is one of the objective questions from the 2022 Post Utme Eksu Commerce examination.

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