Post Utme Esut 2019 Economics Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Esut Economics examination.

Post Utme Esut 2019 Economics Objective / Multiple Choice
Question 25 POST_UTME_ESUT • 2019 • ECONOMICS • objective

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

Answer Options

A. ₦25
Correct Answer B. ₦30
C. ₦35
D. ₦40
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Esut 2019 Economics Question 25. It is one of the objective questions from the 2019 Post Utme Esut Economics examination.

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