Post Utme Aaua 2019 Commerce Question 32
Practice objective / multiple choice question 32 from the 2019 Post Utme Aaua Commerce examination.
A consumer protection agency wants to regulate the sale of a product that has a probability distribution of 0.2, 0.3, 0.4, and 0.1 for the prices ₦100, ₦150, ₦200, and ₦250 respectively. If the consumer protection agency wants to set a price ceiling to protect consumers, what should be the optimal price ceiling?
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About This Question
This is Post Utme Aaua 2019 Commerce Question 32. It is one of the objective questions from the 2019 Post Utme Aaua Commerce examination.
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