Post Utme Coal City University 2021 Commerce Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2021 Commerce Objective / Multiple Choice
Question 4 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm wants to sell 50 units of output, what price should it charge?

Answer Options

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

About This Question

This is Post Utme Coal City University 2021 Commerce Question 4. It is one of the objective questions from the 2021 Post Utme Coal City 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