Post Utme Futo 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Futo Economics examination.

Post Utme Futo 2024 Economics Objective / Multiple Choice
Question 19 POST_UTME_FUTO • 2024 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve with the following equation: Q = 100 - 2P. If the firm's marginal revenue (MR) is given by MR = 200 - 2Q, 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 Futo 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Futo Economics examination.

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