Post Utme Futo 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Futo Economics examination.

Post Utme Futo 2018 Economics Objective / Multiple Choice
Question 29 POST_UTME_FUTO • 2018 • ECONOMICS • objective

A firm's demand curve is represented by the equation \( p = 100 - 2q \), where (p) is the price and (q) is the quantity demanded. If the firm's marginal revenue (MR) is ₦200, what is the firm's price elasticity of demand?

Answer Options

A. 0.5
Correct Answer B. 1.0
C. 2.0
D. 3.0
Correct Answer
B
Correct Option:
1.0

About This Question

This is Post Utme Futo 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.

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