Post Utme Unn 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice
Question 20 POST_UTME_UNN • 2019 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal revenue (MR) is given by MR = 200 - 4Q, 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 Unn 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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