Post Utme Achievers University 2023 Commerce Question 45

Practice objective / multiple choice question 45 from the 2023 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2023 Commerce Objective / Multiple Choice
Question 45 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm wants to maximize its revenue, what price should it charge?

Answer Options

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

About This Question

This is Post Utme Achievers University 2023 Commerce Question 45. It is one of the objective questions from the 2023 Post Utme Achievers University Commerce examination.

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