Post Utme Unn 2024 Economics Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice

Question 5 POST_UTME_UNN • 2024 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm's marginal revenue (MR) curve is given by MR = 100 - 2Q, find the firm's optimal price and output level.

A. P = 20, Q = 40

Correct Answer B. P = 30, Q = 50

C. P = 40, Q = 60

D. P = 50, Q = 70

Correct Answer

Correct Option:

P = 30, Q = 50

This is Post Utme Unn 2024 Economics Question 5. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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