Post Utme Bells University 2018 Economics Question 15

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

Post Utme Bells University 2018 Economics Objective / Multiple Choice

Question 15 POST_UTME_BELLS_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is facing a downward-sloping demand curve with a cons\tant elasticity of -2. If the firm's marginal revenue (MR) is 150, and its marginal \cost (MC) is 120, what is the firm's optimal output level?

Answer Options

A. 100 units

B. 120 units

Correct Answer C. 150 units

D. 200 units

Correct Answer

Correct Option:

150 units

About This Question

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

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