Post Utme Greenfield University 2025 Economics Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2025 Economics Objective / Multiple Choice
Question 18 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's total revenue (TR) function is given by TR = 100Q - 2Q^2. If the firm sells Q = 20 units, calculate the elasticity of demand.

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 3
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Greenfield University 2025 Economics Question 18. It is one of the objective questions from the 2025 Post Utme Greenfield University Economics examination.

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