Post Utme Rhema University 2019 Economics Question 47

Practice objective / multiple choice question 47 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice

Question 47 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2. If the firm's marginal revenue is MR = 50 - 2Q, what is the firm's optimal price?

Answer Options

A. P = $20

Correct Answer B. P = $30

C. P = $40

D. P = $50

Correct Answer

Correct Option:

P = $30

About This Question

This is Post Utme Rhema University 2019 Economics Question 47. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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