Post Utme Lead City University 2025 Economics Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice
Question 20 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm's marginal revenue is $50, what is the price at which the firm will produce 50 units?

Answer Options

A. $25
Correct Answer B. $30
C. $35
D. $40
Correct Answer
B
Correct Option:
$30

About This Question

This is Post Utme Lead City University 2025 Economics Question 20. It is one of the objective questions from the 2025 Post Utme Lead City University 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