Post Utme Osustech 2017 Commerce Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Osustech Commerce examination.

Post Utme Osustech 2017 Commerce Objective / Multiple Choice
Question 34 POST_UTME_OSUSTECH • 2017 • 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 Osustech 2017 Commerce Question 34. It is one of the objective questions from the 2017 Post Utme Osustech Commerce examination.

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