Post Utme Oau 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice
Question 39 POST_UTME_OAU • 2021 • ECONOMICS • objective

A firm's revenue function is given by R(q) = 100q - 2q^2. What is the marginal revenue function, and how does it relate to the demand function?

Answer Options

A. The marginal revenue function is MR(q) = 100 - 4q, and it is equal to the demand function.
B. The marginal revenue function is MR(q) = 100 - 4q, and it is greater than the demand function.
Correct Answer C. The marginal revenue function is MR(q) = 100 - 4q, and it is less than the demand function.
D. The marginal revenue function is MR(q) = 100 - 4q, and it is equal to the average revenue function.
Correct Answer
C
Correct Option:
The marginal revenue function is MR(q) = 100 - 4q, and it is less than the demand function.

About This Question

This is Post Utme Oau 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

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