Post Utme Unilorin 2017 Commerce Question 3
Practice objective / multiple choice question 3 from the 2017 Post Utme Unilorin Commerce examination.
A company is considering expanding its product line to include a new product. The company's marketing research department has estimated that the demand for the new product will be given by the equation Q = 1000 - 2P, where Q is the quantity demanded and P is the price. If the company wants to maximize its profit, what price should it charge for the new product?
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About This Question
This is Post Utme Unilorin 2017 Commerce Question 3. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.
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