Post Utme Greenfield University 2022 Economics Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2022 Economics Objective / Multiple Choice
Question 6 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve with a cons\tant elasticity of -2. If the firm's marginal revenue (MR) is 120, what is its marginal \cost (MC)?

Answer Options

A. 60
B. 80
Correct Answer C. 100
D. 120
Correct Answer
C
Correct Option:
100

About This Question

This is Post Utme Greenfield University 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Greenfield University Economics examination.

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