Post Utme Rsu 2020 Commerce Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Rsu Commerce examination.

Post Utme Rsu 2020 Commerce Objective / Multiple Choice
Question 12 POST_UTME_RSU • 2020 • COMMERCE • objective

A firm is considering entering a new market. The market research indicates that the demand for the product is given by the equation Q = 1000 - 2P, where Q is the quantity demanded and P is the price. If the firm wants to maximize its profit, what should be the price of the product?

Answer Options

A. ₦200
B. ₦250
Correct Answer C. ₦300
D. ₦350
Correct Answer
C
Correct Option:
₦300

About This Question

This is Post Utme Rsu 2020 Commerce Question 12. It is one of the objective questions from the 2020 Post Utme Rsu Commerce examination.

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