Post Utme Lead City University 2020 Commerce Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2020 Commerce Objective / Multiple Choice
Question 9 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's revenue is maximized at a price of 20, what is the firm's marginal revenue?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Lead City University 2020 Commerce Question 9. It is one of the objective questions from the 2020 Post Utme Lead City University Commerce examination.

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