Post Utme Futa 2018 Economics Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 20 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A firm is producing a product with a marginal revenue of ₦100 and a marginal \cost of ₦80. If the price elasticity of demand is 0.5, what is the optimal quantity to produce?

Answer Options

A. 100 units
Correct Answer B. 200 units
C. 300 units
D. 400 units
Correct Answer
B
Correct Option:
200 units

About This Question

This is Post Utme Futa 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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