Post Utme Delsu 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Delsu Economics examination.

Post Utme Delsu 2017 Economics Objective / Multiple Choice
Question 25 POST_UTME_DELSU • 2017 • ECONOMICS • objective

A firm's revenue function is given by R = 2PQ, where R is revenue, P is price and Q is quantity. If the firm wants to maximize its revenue while producing 100 units of output, 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 Delsu 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Delsu Economics examination.

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