Post Utme Lautech 2017 Economics Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Lautech Economics examination.

Post Utme Lautech 2017 Economics Objective / Multiple Choice
Question 4 POST_UTME_LAUTECH • 2017 • ECONOMICS • 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

Correct Answer A. \( \frac{100}{2} = 50 \ \)
B. \( \frac{100}{2} = 50 \ \)
C. \( \frac{100}{2} = 50 \ \)
D. \( \frac{100}{2} = 50 \ \)
Correct Answer
A
Correct Option:
\( \frac{100}{2} = 50 \ \)

About This Question

This is Post Utme Lautech 2017 Economics Question 4. It is one of the objective questions from the 2017 Post Utme Lautech Economics examination.

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