Post Utme Ksu 2021 Economics Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice
Question 21 POST_UTME_KSU • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. If the monopolist produces 20 units, what is the elasticity of demand?

Answer Options

A. 0.5
B. 1.0
Correct Answer C. -0.5
D. -1.0
Correct Answer
C
Correct Option:
-0.5

About This Question

This is Post Utme Ksu 2021 Economics Question 21. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

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