Post Utme Afe Babalola University 2020 Economics Question 35
Practice objective / multiple choice question 35 from the 2020 Post Utme Afe Babalola University Economics examination.
A firm's marginal revenue is given by the equation MR = 100 - 2P, where MR is the marginal revenue and P is the price. If the price elasticity of demand is -2, what is the percentage change in marginal revenue when the price increases by 10%?
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This is Post Utme Afe Babalola University 2020 Economics Question 35. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Economics examination.
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