Post Utme Lasu 2020 Economics Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Lasu Economics examination.

Post Utme Lasu 2020 Economics Objective / Multiple Choice
Question 36 POST_UTME_LASU • 2020 • 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 100, what is its marginal \cost (MC)?

Answer Options

A. 50
B. 75
Correct Answer C. 100
D. 125
Correct Answer
C
Correct Option:
100

About This Question

This is Post Utme Lasu 2020 Economics Question 36. It is one of the objective questions from the 2020 Post Utme Lasu Economics examination.

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