Post Utme Crawford University 2018 Commerce Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2018 Commerce Objective / Multiple Choice
Question 29 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's current price is ₦50, what is the maximum amount of revenue it can generate?

Answer Options

A. ₦1000
Correct Answer B. ₦2000
C. ₦3000
D. ₦4000
Correct Answer
B
Correct Option:
₦2000

About This Question

This is Post Utme Crawford University 2018 Commerce Question 29. It is one of the objective questions from the 2018 Post Utme Crawford 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