Post Utme Futa 2025 Economics Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Futa Economics examination.

Post Utme Futa 2025 Economics Objective / Multiple Choice
Question 27 POST_UTME_FUTA • 2025 • ECONOMICS • objective

A firm has a total revenue of ₦1.5 million and a total \cost of ₦1.2 million. If the firm's profit is ₦250,000, what is the price elasticity of demand?

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 Futa 2025 Economics Question 27. It is one of the objective questions from the 2025 Post Utme Futa Economics examination.

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