Post Utme Igbinedion University 2025 Commerce Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2025 Commerce Objective / Multiple Choice
Question 18 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • COMMERCE • objective

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

Answer Options

Correct Answer A. ( MR = 100 - 2P )
B. ( MR = 2P )
C. ( MR = -2P )
D. ( MR = 100 + 2P )
Correct Answer
A
Correct Option:
( MR = 100 - 2P )

About This Question

This is Post Utme Igbinedion University 2025 Commerce Question 18. It is one of the objective questions from the 2025 Post Utme Igbinedion University Commerce examination.

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