Post Utme Igbinedion University 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's revenue function is given by R = PQ, what is the firm's marginal revenue function?

Answer Options

Correct Answer A. \( MR = -2P \)
B. \( MR = 2P \)
C. \( MR = P^2 \)
D. \( MR = -P^2 \)
Correct Answer
A
Correct Option:
\( MR = -2P \)

About This Question

This is Post Utme Igbinedion University 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Igbinedion University Economics examination.

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