Post Utme Oau 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Oau Economics examination.

Post Utme Oau 2019 Economics Objective / Multiple Choice
Question 39 POST_UTME_OAU • 2019 • ECONOMICS • objective

A firm's demand curve is given by \( Q = 100 - 2P \). If the firm's marginal revenue function is given by \( MR = 200 - 4P \), what is the price at which the firm will maximize profits?

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Oau 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Oau Economics examination.

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