Post Utme Futa 2020 Commerce Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Futa Commerce examination.

Post Utme Futa 2020 Commerce Objective / Multiple Choice
Question 9 POST_UTME_FUTA • 2020 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's marginal revenue function is given by MR = 200 - 2Q, 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 Futa 2020 Commerce Question 9. It is one of the objective questions from the 2020 Post Utme Futa Commerce examination.

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