Post Utme Unilag 2024 Economics Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 40 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal revenue function is given by MR = -2Q, what is the firm's total revenue function?

Answer Options

Correct Answer A. \( TR = -Q^2 \)
B. \( TR = Q^2 \)
C. \( TR = 2Q^2 \)
D. \( TR = -2Q^2 \)
Correct Answer
A
Correct Option:
\( TR = -Q^2 \)

About This Question

This is Post Utme Unilag 2024 Economics Question 40. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

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