Post Utme Ims U 2025 Economics Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice
Question 31 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

A firm's total revenue (TR) is given by the equation TR = 100P - 0.5P^2. If the firm's marginal revenue (MR) is cons\tant at ₦20, what is the firm's optimal price \( P* \)?

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 Ims U 2025 Economics Question 31. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

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