Post Utme Afe Babalola University 2025 Commerce Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2025 Commerce Objective / Multiple Choice
Question 24 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • COMMERCE • objective

A firm is considering two different export markets for its products: Market A, which has a demand function of Q_A = 100 - 2P_A, and Market B, which has a demand function of Q_B = 150 - 3P_B. If the firm wants to maximize its revenue, which market should it target?

Answer Options

A. Market A
Correct Answer B. Market B
C. Both markets are equally attractive
D. Neither market is attractive
Correct Answer
B
Correct Option:
Market B

About This Question

This is Post Utme Afe Babalola University 2025 Commerce Question 24. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Commerce examination.

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