Post Utme Oau 2018 Commerce Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Oau Commerce examination.

Post Utme Oau 2018 Commerce Objective / Multiple Choice
Question 8 POST_UTME_OAU • 2018 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm wants to maximize its revenue, which is given by R = PQ, what price should it charge?

Answer Options

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

About This Question

This is Post Utme Oau 2018 Commerce Question 8. It is one of the objective questions from the 2018 Post Utme Oau Commerce examination.

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