Post Utme Lautech 2018 Commerce Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Lautech Commerce examination.

Post Utme Lautech 2018 Commerce Objective / Multiple Choice
Question 31 POST_UTME_LAUTECH • 2018 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm wants to maximize its revenue, what price should it charge for its product?

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 Lautech 2018 Commerce Question 31. It is one of the objective questions from the 2018 Post Utme Lautech Commerce examination.

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