Post Utme Eksu 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Eksu Economics examination.

Post Utme Eksu 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_EKSU • 2018 • ECONOMICS • objective

A firm's demand function for a product is given by \( Q = 100 - 2P \), where Q is the quantity demanded and P is the price. If the firm wants to maximize its revenue, find the price at which it should sell the product.

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Eksu 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Eksu Economics examination.

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