Post Utme Rhema University 2021 Commerce Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2021 Commerce Objective / Multiple Choice
Question 4 POST_UTME_RHEMA_UNIVERSITY • 2021 • COMMERCE • objective

A company has the following revenue function: R = 1000 + 20Q. If the price of the product is ₦50 per unit, what is the marginal revenue of producing the 20th unit?

Answer Options

A. ₦1000
Correct Answer B. ₦2000
C. ₦3000
D. ₦4000
Correct Answer
B
Correct Option:
₦2000

About This Question

This is Post Utme Rhema University 2021 Commerce Question 4. It is one of the objective questions from the 2021 Post Utme Rhema University Commerce examination.

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