Post Utme Ims U 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Ims U Economics examination.

Post Utme Ims U 2020 Economics Objective / Multiple Choice

Question 25 POST_UTME_IMS_U • 2020 • ECONOMICS • objective

A firm's demand curve is given by the equation Q = 100 - 2P. If the firm's marginal revenue (MR) is given by MR = 200 - 4Q, find the firm's optimal price and quantity.

A. P = 50, Q = 25

Correct Answer B. P = 75, Q = 12.5

C. P = 100, Q = 0

D. P = 25, Q = 50

Correct Answer

Correct Option:

P = 75, Q = 12.5

This is Post Utme Ims U 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.

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