Post Utme Nile University 2023 Commerce Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Nile University Commerce examination.

Post Utme Nile University 2023 Commerce Objective / Multiple Choice
Question 10 POST_UTME_NILE_UNIVERSITY • 2023 • COMMERCE • objective

A firm's revenue function is given by R = 100P - 2P^2, where R is the total revenue and P is the price. If the firm wants to maximize its revenue, what price should it charge?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Nile University 2023 Commerce Question 10. It is one of the objective questions from the 2023 Post Utme Nile University Commerce examination.

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