Post Utme Joseph Ayo Babalola University 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2021 Economics Objective / Multiple Choice
Question 39 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's marginal revenue is ₦50, what is the firm's price?

Answer Options

A. ₦20
B. ₦30
C. ₦40
Correct Answer D. ₦50
Correct Answer
D
Correct Option:
₦50

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

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