Post Utme Delsu 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Delsu Economics examination.

Post Utme Delsu 2018 Economics Objective / Multiple Choice

Question 29 POST_UTME_DELSU • 2018 • ECONOMICS • objective

A monopolist faces a demand curve with the following equation: \( Q = 100 - 2P \). The monopolist's marginal revenue (MR) function is given by \( MR = 200 - 2Q \). What is the price elasticity of demand (PED) at the quantity where the monopolist's marginal revenue (MR) equals zero?

Correct Answer A. \( \frac{1}{2} \)

B. \( \frac{1}{3} \)

C. \( \frac{2}{3} \)

D. \( \frac{3}{2} \)

Correct Answer

Correct Option:

\( \frac{1}{2} \)

This is Post Utme Delsu 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Delsu Economics examination.

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