Post Utme Lasu 2022 Economics Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Lasu Economics examination.

Post Utme Lasu 2022 Economics Objective / Multiple Choice
Question 27 POST_UTME_LASU • 2022 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by P = 100 - 2x. If the firm's marginal revenue is MR = 50 - 2x, what is the firm's optimal price?

Answer Options

A. ₦80
B. ₦90
Correct Answer C. ₦100
D. ₦110
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Lasu 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Lasu Economics examination.

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