Post Utme Crawford University 2018 Economics Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2018 Economics Objective / Multiple Choice
Question 9 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ECONOMICS • objective

A firm faces a total revenue function given by TR = 100Q - 2Q^2. What is the price elasticity of demand at Q = 20?

Answer Options

A. 0.5
B. 1
Correct Answer C. 2
D. 3
Correct Answer
C
Correct Option:
2

About This Question

This is Post Utme Crawford University 2018 Economics Question 9. It is one of the objective questions from the 2018 Post Utme Crawford University Economics examination.

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