Post Utme Pan Atlantic University 2023 Economics Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2023 Economics Objective / Multiple Choice
Question 9 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand function for a good is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's marginal revenue is $20, what is the optimal price?

Answer Options

A. $40
Correct Answer B. $50
C. $60
D. $70
Correct Answer
B
Correct Option:
$50

About This Question

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

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