Post Utme Afe Babalola University 2020 Commerce Question 43

Practice objective / multiple choice question 43 from the 2020 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2020 Commerce Objective / Multiple Choice
Question 43 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A firm's cost function is given by C(x) = 50 + 10x + 2x^2. Find the elasticity of supply.

Answer Options

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

About This Question

This is Post Utme Afe Babalola University 2020 Commerce Question 43. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.

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