Post Utme Lead City University 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2024 Economics Objective / Multiple Choice
Question 15 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A firm has a total revenue function given by TR = 100Q - Q^2. If the fixed \cost is ₦500, what is the profit-maximizing 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 Lead City University 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Lead City University Economics examination.

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