Post Utme Joseph Ayo Babalola University 2025 Commerce Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2025 Commerce Objective / Multiple Choice
Question 13 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is 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 Joseph Ayo Babalola University 2025 Commerce Question 13. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support