Post Utme Ui 2022 Economics Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Ui Economics examination.

Post Utme Ui 2022 Economics Objective / Multiple Choice
Question 22 POST_UTME_UI • 2022 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve with the following equation: 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. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Ui 2022 Economics Question 22. It is one of the objective questions from the 2022 Post Utme Ui Economics examination.

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