Post Utme Igbinedion University 2019 Commerce Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2019 Commerce Objective / Multiple Choice
Question 14 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • COMMERCE • objective

A firm's marginal revenue is the change in its total revenue resulting from a one-unit change in the quantity sold. If a firm's total revenue is ₦1000 when it sells 10 units of a product, what is its marginal revenue?

Answer Options

A. ₦100
Correct Answer B. ₦200
C. ₦500
D. ₦1000
Correct Answer
B
Correct Option:
₦200

About This Question

This is Post Utme Igbinedion University 2019 Commerce Question 14. It is one of the objective questions from the 2019 Post Utme Igbinedion University Commerce examination.

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