Post Utme Covenant University 2022 Commerce Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2022 Commerce Objective / Multiple Choice
Question 27 POST_UTME_COVENANT_UNIVERSITY • 2022 • COMMERCE • objective

A firm's revenue function is given by the equation ( R = 2p^2 ), where R is the revenue and p is the price. If the firm wants to maximize its revenue, what price should it charge?

Answer Options

A. ₦10
Correct Answer B. ₦20
C. ₦30
D. ₦40
Correct Answer
B
Correct Option:
₦20

About This Question

This is Post Utme Covenant University 2022 Commerce Question 27. It is one of the objective questions from the 2022 Post Utme Covenant University Commerce examination.

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