Post Utme Lautech 2025 Commerce Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Lautech Commerce examination.

Post Utme Lautech 2025 Commerce Objective / Multiple Choice
Question 19 POST_UTME_LAUTECH • 2025 • 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 is the optimal price?

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 2025 Commerce Question 19. It is one of the objective questions from the 2025 Post Utme Lautech Commerce examination.

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