Post Utme Esut 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Esut Economics examination.

Post Utme Esut 2019 Economics Objective / Multiple Choice
Question 18 POST_UTME_ESUT • 2019 • ECONOMICS • objective

A firm is operating in a monopoly market with a demand curve given by Q = 100 - 2P. If the firm's marginal revenue (MR) is ₦50, what is the likely effect on the firm's price?

Answer Options

Correct Answer A. Price increases
B. Price decreases
C. Price remains unchanged
D. Price fluctuates
Correct Answer
A
Correct Option:
Price increases

About This Question

This is Post Utme Esut 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Esut Economics examination.

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