Post Utme Al Hikmah University 2018 Economics Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice
Question 14 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's demand curve is given by P = 100 - 2Q. If the firm's marginal revenue (MR) is ₦50, calculate the price elasticity of demand.

Answer Options

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

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.

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