Post Utme Unilorin 2018 Commerce Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2018 Commerce Objective / Multiple Choice
Question 22 POST_UTME_UNILORIN • 2018 • COMMERCE • objective

A firm is considering launching a new product. The product's demand is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm wants to maximize its profit, what should be the optimal price?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Unilorin 2018 Commerce Question 22. It is one of the objective questions from the 2018 Post Utme Unilorin Commerce examination.

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