Post Utme Unilag 2020 Economics Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Unilag Economics examination.

Post Utme Unilag 2020 Economics Objective / Multiple Choice
Question 38 POST_UTME_UNILAG • 2020 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a demand curve given by P = 100 - 2Q. If the firm's current output is Q = 20, what is the firm's marginal revenue (MR) at this output level?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Unilag 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Unilag Economics examination.

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