Post Utme Rhema University 2024 Economics Question 4

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

Post Utme Rhema University 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_RHEMA_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's demand function for a product 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 Rhema University 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Rhema University Economics examination.

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