Post Utme Caleb University 2023 Commerce Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2023 Commerce Objective / Multiple Choice
Question 30 POST_UTME_CALEB_UNIVERSITY • 2023 • COMMERCE • objective

A firm's marginal revenue function is given by MR = 100 - 4Q, where MR is the marginal revenue and Q is the quantity sold. If the firm sells 20 units, what is the marginal revenue?

Answer Options

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

About This Question

This is Post Utme Caleb University 2023 Commerce Question 30. It is one of the objective questions from the 2023 Post Utme Caleb University Commerce examination.

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