Post Utme Nile University 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Nile University Economics examination.

Post Utme Nile University 2024 Economics Objective / Multiple Choice

Question 19 POST_UTME_NILE_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's revenue function is given by R = 100x - 2x^2. Find the price elasticity of demand.

Answer Options

A. E = 2

Correct Answer B. E = -2

C. E = 1

D. E = -1

Correct Answer

Correct Option:

E = -2

About This Question

This is Post Utme Nile University 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Nile University Economics examination.

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