Post Utme Igbinedion University 2023 Economics Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2023 Economics Objective / Multiple Choice
Question 25 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ECONOMICS • objective

Consider a firm with a demand curve given by Q = 100 - P and a marginal revenue curve given by MR = 2P. What is the profit-maximizing 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 Igbinedion University 2023 Economics Question 25. It is one of the objective questions from the 2023 Post Utme Igbinedion University Economics examination.

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