Post Utme Madonna University 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2024 Economics Objective / Multiple Choice
Question 20 POST_UTME_MADONNA_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's marginal revenue is given by the equation MR = 100 - 4Q, where Q is the quantity sold. If the firm sells 15 units, what is the marginal revenue?

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Madonna University 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Madonna University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support