Marginal revenue - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 1993

Determine the marginal revenue if the total revenue is 80.00

A. 6.00
B. 12.00
C. 14.00
D. 18.00

Question 3:

• JAMB 1994

\(\begin{array}{c|c}
\text{Price N} & \text{Quantity sold} \\
5 & 15 \\
5 & 16 \\
5 & 17 \\
5 & 18 \\
\end{array}\)
Marginal revenue is

A. N5
B. N6
C. N8
D. N10

Question 4:

• JAMB 2004

At the maximum point of the total product curve of a firm, marginal revenue is

A. Decreasing
B. Increasing
C. Constant
D. Zero