Post Utme Esut 2023 Economics Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Esut Economics examination.

Post Utme Esut 2023 Economics Objective / Multiple Choice
Question 32 POST_UTME_ESUT • 2023 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. The firm's marginal revenue (MR) is given by MR = 200 - 4Q. What is the firm's optimal price?

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Esut 2023 Economics Question 32. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.

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