Post Utme Noun 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_NOUN • 2020 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Qd = 100 - 2P. If the firm's marginal revenue is 50, what is the price at which the firm will produce 60 units?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Noun 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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