Post Utme Greenfield University 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2021 Economics Objective / Multiple Choice
Question 15 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the firm's marginal revenue is 50, find the price at which the firm's total revenue is maximized.

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 Greenfield University 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Greenfield University Economics examination.

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