Post Utme Unn 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Unn Economics examination.

Post Utme Unn 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNN • 2018 • ECONOMICS • objective

A firm's demand function for a good is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal revenue function is MR = 200 - 4Q, what is the firm's optimal price?

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Unn 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Unn Economics examination.

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