Post Utme Aaua 2020 Economics Question 2

Practice objective / multiple choice question 2 from the 2020 Post Utme Aaua Economics examination.

Post Utme Aaua 2020 Economics Objective / Multiple Choice
Question 2 POST_UTME_AAUA • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by \( P = 100 - 2Q \) and a \cost function given by \( C = 50 + 10Q \). If the firm's profit-maximizing output is 20 units, what is the value of the price elasticity of demand at this output level?

Answer Options

Correct Answer A. -2
B. -1
C. 0
D. 1
Correct Answer
A
Correct Option:
-2

About This Question

This is Post Utme Aaua 2020 Economics Question 2. It is one of the objective questions from the 2020 Post Utme Aaua Economics examination.

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