Post Utme Achievers University 2018 Commerce Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2018 Commerce Objective / Multiple Choice

Question 25 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • COMMERCE • objective

A firm's marginal revenue (MR) is the change in total revenue (TR) resulting from a one-unit change in the quantity sold. Which of the following is a correct formula for calculating MR?

Answer Options

Correct Answer A. MR = ΔTR / ΔQ

B. MR = TR / Q

C. MR = Q / TR

D. MR = ΔQ / ΔTR

Correct Answer

Correct Option:

MR = ΔTR / ΔQ

About This Question

This is Post Utme Achievers University 2018 Commerce Question 25. It is one of the objective questions from the 2018 Post Utme Achievers University Commerce examination.

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