Post Utme Noun 2020 Economics Question 46

Practice objective / multiple choice question 46 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 46 POST_UTME_NOUN • 2020 • ECONOMICS • objective

A firm's demand curve is given by the equation Q = 100 - 2P. If the firm's marginal revenue (MR) is given by the equation MR = 100 - 2P, what will be 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 Noun 2020 Economics Question 46. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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