Post Utme Lautech 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Lautech Economics examination.

Post Utme Lautech 2017 Economics Objective / Multiple Choice
Question 10 POST_UTME_LAUTECH • 2017 • ECONOMICS • objective

A firm's demand function for a product is given by \( Q = 100 - 2P \). If the firm's marginal revenue is 50, what is the firm's price?

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 Lautech 2017 Economics Question 10. It is one of the objective questions from the 2017 Post Utme Lautech 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