Post Utme Futa 2021 Commerce Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Futa Commerce examination.

Post Utme Futa 2021 Commerce Objective / Multiple Choice
Question 7 POST_UTME_FUTA • 2021 • COMMERCE • objective

A firm's demand function is given by P = 100 - 2Q, where P is the price and Q is the quantity demanded. If the firm's marginal revenue is given by MR = 200 - 4Q, what is the firm's optimal quantity?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Futa 2021 Commerce Question 7. It is one of the objective questions from the 2021 Post Utme Futa Commerce examination.

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