Post Utme Lasu 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Lasu Economics examination.

Post Utme Lasu 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_LASU • 2018 • ECONOMICS • 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?

Answer Options

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

About This Question

This is Post Utme Lasu 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.

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