Post Utme Rsu 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Rsu Economics examination.

Post Utme Rsu 2017 Economics Objective / Multiple Choice
Question 25 POST_UTME_RSU • 2017 • ECONOMICS • objective

A firm's marginal revenue (MR) and marginal \cost (MC) curves intersect at point E, where MR = 120 and MC = 100. If the firm's price elasticity of demand is 2, what is the optimal price?

Answer Options

Correct Answer A. ₦120
B. ₦100
C. ₦80
D. ₦60
Correct Answer
A
Correct Option:
₦120

About This Question

This is Post Utme Rsu 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Rsu Economics examination.

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