Post Utme Oau 2018 Commerce Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Oau Commerce examination.

Post Utme Oau 2018 Commerce Objective / Multiple Choice
Question 3 POST_UTME_OAU • 2018 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's marginal revenue function is MR = 200 - 4P, what is the firm's optimal price?

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 Oau 2018 Commerce Question 3. It is one of the objective questions from the 2018 Post Utme Oau Commerce examination.

View More Post Utme Oau 2018 Commerce Questions More Post Utme Oau Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support