Post Utme Lead City University 2023 Economics Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2023 Economics Objective / Multiple Choice
Question 29 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's revenue function is given by R(q) = 20q - 0.5q^2. If the firm produces 20 units of output, what is the marginal revenue?

Answer Options

A. Marginal Revenue = 15
Correct Answer B. Marginal Revenue = 20
C. Marginal Revenue = 25
D. Marginal Revenue = 30
Correct Answer
B
Correct Option:
Marginal Revenue = 20

About This Question

This is Post Utme Lead City University 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Lead City University Economics examination.

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