Post Utme Nile University 2019 Economics Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Nile University Economics examination.

Post Utme Nile University 2019 Economics Objective / Multiple Choice

Question 37 POST_UTME_NILE_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Qd = 100 - 2P and a marginal revenue curve given by MR = 20 - 2Q. Find the firm's equilibrium output and price.

Answer Options

Correct Answer A. Q = 40, P = ₦60

B. Q = 30, P = ₦80

C. Q = 20, P = ₦100

D. Q = 10, P = ₦120

Correct Answer

Correct Option:

Q = 40, P = ₦60

About This Question

This is Post Utme Nile University 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Nile University Economics examination.

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