Post Utme Al Hikmah University 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's supply curve is given by P = 50 + 2Q. If the firm's marginal \cost (MC) is ₦100, calculate the price elasticity of supply.

Answer Options

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

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.

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