Post Utme Unn 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Unn Economics examination.

Post Utme Unn 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_UNN • 2021 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve with the following equation: Q = 100 - 2P. If the firm's marginal revenue curve is given by MR = 50 - 2Q, 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 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Unn Economics examination.

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