Post Utme Coal City University 2022 Economics Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2022 Economics Objective / Multiple Choice
Question 31 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • 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 given by 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 2022 Economics Question 31. It is one of the objective questions from the 2022 Post Utme Coal City University Economics examination.

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