Post Utme Summit University 2023 Economics Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Summit University Economics examination.

Post Utme Summit University 2023 Economics Objective / Multiple Choice
Question 15 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ECONOMICS • objective

A perfectly competitive firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal revenue (MR) is given by MR = 200 - 4Q, what is the firm's optimal quantity?

Answer Options

A. 50 units
B. 60 units
Correct Answer C. 70 units
D. 80 units
Correct Answer
C
Correct Option:
70 units

About This Question

This is Post Utme Summit University 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Summit University Economics examination.

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