Post Utme Uniben 2023 Economics Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Uniben Economics examination.

Post Utme Uniben 2023 Economics Objective / Multiple Choice
Question 6 POST_UTME_UNIBEN • 2023 • 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's revenue function is R = PQ, find the price at which the firm's revenue is maximized.

Answer Options

A. ₦50
B. ₦75
Correct Answer C. ₦100
D. ₦125
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Uniben 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Uniben Economics 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