Post Utme Esut 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Esut Economics examination.

Post Utme Esut 2024 Economics Objective / Multiple Choice
Question 7 POST_UTME_ESUT • 2024 • ECONOMICS • objective

A firm is operating in a perfectly competitive market. The demand curve for its product is given by Q = 100 - P. The firm's marginal \cost (MC) is cons\tant at ₦50. What is the firm's optimal price?

Answer Options

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

About This Question

This is Post Utme Esut 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Esut Economics examination.

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