Post Utme Skyline University 2025 Commerce Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2025 Commerce Objective / Multiple Choice
Question 14 POST_UTME_SKYLINE_UNIVERSITY • 2025 • 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 price should it charge?

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 Skyline University 2025 Commerce Question 14. It is one of the objective questions from the 2025 Post Utme Skyline University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support