Post Utme Unilorin 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_UNILORIN • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the firm's marginal revenue function is MR = 200 - 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 Unilorin 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Unilorin Economics examination.

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