Post Utme Pan Atlantic University 2020 Economics Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2020 Economics Objective / Multiple Choice
Question 21 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's demand curve is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. The firm's total revenue (TR) is given by TR = P * Q. Find the price at which the firm's total revenue is maximized.

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Pan Atlantic University 2020 Economics Question 21. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.

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