Post Utme Oau 2023 Economics Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Oau Economics examination.

Post Utme Oau 2023 Economics Objective / Multiple Choice
Question 9 POST_UTME_OAU • 2023 • ECONOMICS • objective

A firm is facing a downward-sloping demand curve given by Qd = 100 - P. The firm's marginal revenue (MR) is given by MR = 100 - 2P. Find the firm's optimal price and quantity.

Answer Options

A. P = 50, Q = 50
Correct Answer B. P = 45, Q = 55
C. P = 40, Q = 60
D. P = 35, Q = 65
Correct Answer
B
Correct Option:
P = 45, Q = 55

About This Question

This is Post Utme Oau 2023 Economics Question 9. It is one of the objective questions from the 2023 Post Utme Oau Economics examination.

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