Post Utme Redeemers University 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ECONOMICS • 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 price should it charge?

Answer Options

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

About This Question

This is Post Utme Redeemers University 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.

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