Post Utme Caleb University 2023 Commerce Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2023 Commerce Objective / Multiple Choice
Question 19 POST_UTME_CALEB_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 sell 50 units of output, what price should it charge?

Answer Options

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

About This Question

This is Post Utme Caleb University 2023 Commerce Question 19. It is one of the objective questions from the 2023 Post Utme Caleb 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