Post Utme Ims U 2025 Economics Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice

Question 36 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal revenue function is given by MR = 200 - 2Q, what is the optimal price?

Correct Answer A. P = 20

B. P = 30

C. P = 40

D. P = 50

Correct Answer

Correct Option:

P = 20

This is Post Utme Ims U 2025 Economics Question 36. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

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