Post Utme Futa 2020 Economics Question 11
Practice objective / multiple choice question 11 from the 2020 Post Utme Futa Economics examination.
A firm's total revenue is given by the equation \( TR = 100p - \frac{p^2}{100} \), where ( p ) is the price per unit. If the firm's total revenue is maximized at a price of ₦50 per unit, what is the value of the price elasticity of demand at this price?
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About This Question
This is Post Utme Futa 2020 Economics Question 11. It is one of the objective questions from the 2020 Post Utme Futa Economics examination.
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