Post Utme Elizade University 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2017 Economics Objective / Multiple Choice
Question 22 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's total revenue is given by the equation TR = 100x - 2x^2, where x is the number of units sold. Find the price elasticity of demand when the quantity demanded is 50 units.

Answer Options

A. 0.5
Correct Answer B. 1.0
C. 1.5
D. 2.0
Correct Answer
B
Correct Option:
1.0

About This Question

This is Post Utme Elizade University 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Elizade University Economics examination.

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