Post Utme Unilorin 2022 Commerce Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2022 Commerce Objective / Multiple Choice
Question 23 POST_UTME_UNILORIN • 2022 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where P is the price of the good. If the firm wants to maximize its revenue, what price should it charge?

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 2022 Commerce Question 23. It is one of the objective questions from the 2022 Post Utme Unilorin Commerce examination.

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