Post Utme Summit University 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Summit University Economics examination.

Post Utme Summit University 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's revenue function is given by R(P) = 2P^2 - 10P + 20. Find the price that maximizes revenue.

Answer Options

A. ₦5
Correct Answer B. ₦10
C. ₦15
D. ₦20
Correct Answer
B
Correct Option:
₦10

About This Question

This is Post Utme Summit University 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Summit University Economics examination.

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