Post Utme Igbinedion University 2020 Commerce Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2020 Commerce Objective / Multiple Choice
Question 30 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • COMMERCE • objective

A firm's revenue function is given by R(L,H) = 2LH. If the firm's current labor and capital inputs are L = 3 and H = 5, respectively, what is the marginal revenue with respect to labor?

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 Igbinedion University 2020 Commerce Question 30. It is one of the objective questions from the 2020 Post Utme Igbinedion University Commerce examination.

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