Post Utme Uniosun 2022 Economics Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2022 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNIOSUN • 2022 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve with the following equation: Q = 100 - 2P. If the firm's marginal \cost is cons\tant at 20, what is the optimal price it should charge for its product?

Answer Options

A. ₦40
Correct Answer B. ₦30
C. ₦20
D. ₦10
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Uniosun 2022 Economics Question 8. It is one of the objective questions from the 2022 Post Utme Uniosun Economics examination.

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