Post Utme Igbinedion University 2018 Economics Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2018 Economics Objective / Multiple Choice
Question 14 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's total revenue is given by TR = 100P^2 - 200P + 100. Determine the price that maximizes total revenue.

Answer Options

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

About This Question

This is Post Utme Igbinedion University 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.

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