Post Utme Mountain Top University 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2024 Economics Objective / Multiple Choice
Question 2 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ECONOMICS • objective

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

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 Mountain Top University 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Mountain Top University Economics examination.

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