Post Utme Abu 2017 Economics Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Abu Economics examination.

Post Utme Abu 2017 Economics Objective / Multiple Choice
Question 40 POST_UTME_ABU • 2017 • ECONOMICS • objective

A firm's marginal revenue (MR) is given by the equation MR = 100 - 4x, where x is the number of units sold. Find the price elasticity of demand when the quantity sold is 20 units.

Answer Options

Correct Answer A. 0.5
B. 1.0
C. 2.0
D. 3.0
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Abu 2017 Economics Question 40. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.

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