Post Utme Ims U 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Ims U Economics examination.

Post Utme Ims U 2021 Economics Objective / Multiple Choice
Question 15 POST_UTME_IMS_U • 2021 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's revenue function is R(P) = P\( 100 - 2P \), find the price at which the firm's revenue is maximized.

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Ims U 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Ims U Economics examination.

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