Post Utme Afe Babalola University 2020 Commerce Question 42

Practice objective / multiple choice question 42 from the 2020 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2020 Commerce Objective / Multiple Choice
Question 42 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A firm's revenue function is given by R(x) = 100x - 2x^2. Find the elasticity of demand.

Answer Options

Correct Answer A. ED = -2x
B. ED = 2x
C. ED = -x
D. ED = x
Correct Answer
A
Correct Option:
ED = -2x

About This Question

This is Post Utme Afe Babalola University 2020 Commerce Question 42. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.

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