Post Utme Unilag 2020 Commerce Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Unilag Commerce examination.

Post Utme Unilag 2020 Commerce Objective / Multiple Choice
Question 4 POST_UTME_UNILAG • 2020 • COMMERCE • objective

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

Answer Options

A. P = ₦25
Correct Answer B. P = ₦50
C. P = ₦75
D. P = ₦100
Correct Answer
B
Correct Option:
P = ₦50

About This Question

This is Post Utme Unilag 2020 Commerce Question 4. It is one of the objective questions from the 2020 Post Utme Unilag Commerce examination.

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