Post Utme Lasu 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Lasu Economics examination.

Post Utme Lasu 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_LASU • 2021 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Qd = 100 - 2P. If the firm's marginal revenue is 50, what is the price at which the firm will produce 60 units?

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 Lasu 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Lasu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support