Post Utme Unn 2023 Economics Question 39
Practice objective / multiple choice question 39 from the 2023 Post Utme Unn Economics examination.
A monopolistically competitive firm faces a demand curve given by Qd = 100 - 2P. If the firm's marginal revenue (MR) is 20 and the price elasticity of demand is 0.5, what is the firm's optimal price?
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About This Question
This is Post Utme Unn 2023 Economics Question 39. It is one of the objective questions from the 2023 Post Utme Unn Economics examination.
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