Post Utme Wellspring University 2021 Commerce Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2021 Commerce Objective / Multiple Choice
Question 39 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • COMMERCE • objective

A company is considering launching a new product in a foreign market. The company has estimated the following demand function for the product: Q = 100 - 2P. If the company wants to maximize its revenue, what price should it charge for the product?

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 Wellspring University 2021 Commerce Question 39. It is one of the objective questions from the 2021 Post Utme Wellspring University Commerce examination.

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