Post Utme Caleb University 2025 Economics Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2025 Economics Objective / Multiple Choice
Question 25 POST_UTME_CALEB_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's marginal revenue (MR) is given by the equation MR = 2P, where P is the price per unit. If the price per unit increases by 10%, what is the percentage change in marginal revenue?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Caleb University 2025 Economics Question 25. It is one of the objective questions from the 2025 Post Utme Caleb University Economics examination.

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