Post Utme Bowen University 2018 Commerce Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2018 Commerce Objective / Multiple Choice
Question 4 POST_UTME_BOWEN_UNIVERSITY • 2018 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's revenue is maximized at a price of 20 units, what is the firm's optimal quantity?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Bowen University 2018 Commerce Question 4. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support