Post Utme Nile University 2023 Economics Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Nile University Economics examination.

Post Utme Nile University 2023 Economics Objective / Multiple Choice
Question 37 POST_UTME_NILE_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's marginal revenue is ₦50, what is the firm's optimal 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 Nile University 2023 Economics Question 37. It is one of the objective questions from the 2023 Post Utme Nile University Economics examination.

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