Post Utme Unn 2019 Economics Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice
Question 26 POST_UTME_UNN • 2019 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. The firm's marginal revenue (MR) function is MR = 50 - 2Q. Find the firm's optimal price and quantity.

Answer Options

Correct Answer A. P = 40, Q = 30
B. P = 30, Q = 40
C. P = 20, Q = 50
D. P = 50, Q = 20
Correct Answer
A
Correct Option:
P = 40, Q = 30

About This Question

This is Post Utme Unn 2019 Economics Question 26. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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