Post Utme Covenant University 2022 Economics Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2022 Economics Objective / Multiple Choice
Question 15 POST_UTME_COVENANT_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's revenue is maximized at a price of $20, what is the quantity demanded at this price?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Covenant University 2022 Economics Question 15. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.

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