Post Utme Uniport 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Uniport Economics examination.

Post Utme Uniport 2023 Economics Objective / Multiple Choice
Question 14 POST_UTME_UNIPORT • 2023 • ECONOMICS • objective

A firm is producing a good with the following revenue function: R(q) = 20q - 0.5q^2. The firm is currently producing 10 units of the good. What is the marginal revenue of producing the 11th unit?

Answer Options

A. 15
Correct Answer B. 20
C. 25
D. 30
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Uniport 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Uniport Economics 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