Post Utme Aaua 2022 Economics Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice
Question 25 POST_UTME_AAUA • 2022 • ECONOMICS • objective

A firm's revenue function is given by R = 100Q - 2Q^2, where R is revenue and Q is quantity. If the firm's quantity is fixed at 10, calculate the marginal revenue (MR) and marginal \cost (MC).

Answer Options

Correct Answer A. MR = 100 - 4Q, MC = 2Q
B. MR = 100 - 4Q, MC = 100 - 2Q
C. MR = 100 - 2Q, MC = 100 - 4Q
D. MR = 100 - 2Q, MC = 2Q
Correct Answer
A
Correct Option:
MR = 100 - 4Q, MC = 2Q

About This Question

This is Post Utme Aaua 2022 Economics Question 25. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

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