Post Utme Afe Babalola University 2020 Economics Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2020 Economics Objective / Multiple Choice
Question 39 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's revenue function is given by R(q) = 20q - 0.5q^2. What is the price elasticity of demand when q = 10?

Answer Options

A. 0.5
B. 1
C. 2
Correct Answer D. 5
Correct Answer
D
Correct Option:
5

About This Question

This is Post Utme Afe Babalola University 2020 Economics Question 39. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Economics examination.

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