Post Utme Joseph Ayo Babalola University 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. If the price elasticity of demand is 0.5, calculate the firm's revenue.

Answer Options

A. ₦5000
B. ₦6000
Correct Answer C. ₦7000
D. ₦8000
Correct Answer
C
Correct Option:
₦7000

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support