Post Utme Veritas University 2023 Economics Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2023 Economics Objective / Multiple Choice
Question 39 POST_UTME_VERITAS_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm's marginal revenue (MR) is given by MR = 200 - 4P, what is the firm's optimal price?

Answer Options

A. ₦50
Correct Answer B. ₦60
C. ₦70
D. ₦80
Correct Answer
B
Correct Option:
₦60

About This Question

This is Post Utme Veritas University 2023 Economics Question 39. It is one of the objective questions from the 2023 Post Utme Veritas University Economics examination.

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