Post Utme Delsu 2024 Commerce Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Delsu Commerce examination.

Post Utme Delsu 2024 Commerce Objective / Multiple Choice
Question 3 POST_UTME_DELSU • 2024 • COMMERCE • objective

A company is considering exporting its products to a foreign market. The company's export price is 100 per unit, and the foreign market demand is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the company wants to maximize its revenue, what price should it charge for its product?

Answer Options

A. 50
Correct Answer B. 75
C. 90
D. 100
Correct Answer
B
Correct Option:
75

About This Question

This is Post Utme Delsu 2024 Commerce Question 3. It is one of the objective questions from the 2024 Post Utme Delsu Commerce examination.

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