Post Utme Ui 2019 Economics Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Ui Economics examination.

Post Utme Ui 2019 Economics Objective / Multiple Choice
Question 37 POST_UTME_UI • 2019 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's marginal revenue function is MR = 200 - 4Q, what is the firm's optimal price?

Answer Options

A. 20
B. 25
Correct Answer C. 30
D. 35
Correct Answer
C
Correct Option:
30

About This Question

This is Post Utme Ui 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.

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