Post Utme Summit University 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Summit University Economics examination.

Post Utme Summit University 2018 Economics Objective / Multiple Choice
Question 17 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal revenue (MR) is given by MR = 50 - 2Q, what is the firm's optimal price?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Summit University 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.

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