Post Utme Elizade University 2024 Economics Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2024 Economics Objective / Multiple Choice
Question 22 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve with a cons\tant elasticity of -2. If the firm's marginal revenue curve is given by MR = 10 - 2Q, what is the firm's optimal output level?

Answer Options

A. Q = 5
Correct Answer B. Q = 10
C. Q = 15
D. Q = 20
Correct Answer
B
Correct Option:
Q = 10

About This Question

This is Post Utme Elizade University 2024 Economics Question 22. It is one of the objective questions from the 2024 Post Utme Elizade University Economics examination.

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