Post Utme Unilorin 2019 Economics Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2019 Economics Objective / Multiple Choice
Question 10 POST_UTME_UNILORIN • 2019 • ECONOMICS • objective

A firm's demand function for a good is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's marginal revenue is ₦50, 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 Unilorin 2019 Economics Question 10. It is one of the objective questions from the 2019 Post Utme Unilorin Economics examination.

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