Post Utme Afe Babalola University 2018 Commerce Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2018 Commerce Objective / Multiple Choice
Question 32 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • 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
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Afe Babalola University 2018 Commerce Question 32. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Commerce examination.

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