Post Utme Wellspring University 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 38 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand curve is given by the equation Qd = 100 - 2P. If the firm's marginal \cost is $20, what is the firm's optimal price?

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 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

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