Post Utme Coal City University 2020 Economics Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2020 Economics Objective / Multiple Choice
Question 6 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's demand curve is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's revenue function is R(P) = P\( 100 - 2P \), find the price at which the firm's revenue is maximized.

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Coal City University 2020 Economics Question 6. It is one of the objective questions from the 2020 Post Utme Coal City University Economics examination.

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