Post Utme Bsu 2018 Commerce Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Bsu Commerce examination.

Post Utme Bsu 2018 Commerce Objective / Multiple Choice
Question 36 POST_UTME_BSU • 2018 • COMMERCE • objective

A firm's demand function is given by P = 100 - 2Q, where P is the price and Q is the quantity demanded. If the firm wants to increase its revenue by 20%, what price should it set?

Answer Options

A. ₦80
B. ₦90
Correct Answer C. ₦100
D. ₦110
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Bsu 2018 Commerce Question 36. It is one of the objective questions from the 2018 Post Utme Bsu Commerce examination.

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