Post Utme Wellspring University 2021 Economics Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2021 Economics Objective / Multiple Choice
Question 12 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Qd = 100 - 2P. If the firm's marginal revenue (MR) is 50, what is the price at which the firm will produce 60 units?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Wellspring University 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Wellspring University Economics examination.

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