Post Utme Veritas University 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_VERITAS_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. The firm's marginal revenue (MR) is given by MR = 200 - 2Q. What is the firm's optimal quantity?

Answer Options

A. 50 units
Correct Answer B. 75 units
C. 100 units
D. 125 units
Correct Answer
B
Correct Option:
75 units

About This Question

This is Post Utme Veritas University 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Veritas University Economics examination.

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