Post Utme Lasu 2017 Commerce Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Lasu Commerce examination.

Post Utme Lasu 2017 Commerce Objective / Multiple Choice

Question 27 POST_UTME_LASU • 2017 • COMMERCE • objective

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

Correct Answer A. MR = 100 - 2P

B. MR = 2P

C. MR = 100 + 2P

D. MR = 100 - P

Correct Answer

Correct Option:

MR = 100 - 2P

This is Post Utme Lasu 2017 Commerce Question 27. It is one of the objective questions from the 2017 Post Utme Lasu Commerce examination.

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