Post Utme Futo 2020 Economics Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Futo Economics examination.

Post Utme Futo 2020 Economics Objective / Multiple Choice
Question 10 POST_UTME_FUTO • 2020 • ECONOMICS • objective

A monopoly firm's demand curve is given by Q = 100 - 2P. If the firm's marginal revenue (MR) is ₦20, what is the price elasticity of demand?

Answer Options

A. -1
Correct Answer B. -2
C. -3
D. -4
Correct Answer
B
Correct Option:
-2

About This Question

This is Post Utme Futo 2020 Economics Question 10. It is one of the objective questions from the 2020 Post Utme Futo Economics examination.

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