Post Utme Skyline University 2024 Commerce Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2024 Commerce Objective / Multiple Choice
Question 15 POST_UTME_SKYLINE_UNIVERSITY • 2024 • COMMERCE • objective

A firm's marginal revenue function is given by MR = 4Q. If the firm produces 3 units of output, what is its marginal revenue?

Answer Options

A. 6
Correct Answer B. 12
C. 18
D. 24
Correct Answer
B
Correct Option:
12

About This Question

This is Post Utme Skyline University 2024 Commerce Question 15. It is one of the objective questions from the 2024 Post Utme Skyline University Commerce 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