Post Utme Unn 2024 Economics Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice
Question 11 POST_UTME_UNN • 2024 • ECONOMICS • objective

A firm's demand curve 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(P) = P\( 100 - 2P \), find the price at which the firm's revenue is maximized.

Answer Options

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

About This Question

This is Post Utme Unn 2024 Economics Question 11. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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