Post Utme Ims U 2018 Commerce Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Ims U Commerce examination.

Post Utme Ims U 2018 Commerce Objective / Multiple Choice
Question 24 POST_UTME_IMS_U • 2018 • COMMERCE • objective

A firm's demand function 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, what price should it charge?

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 Ims U 2018 Commerce Question 24. It is one of the objective questions from the 2018 Post Utme Ims U Commerce examination.

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