Post Utme Osustech 2017 Commerce Question 41
Practice objective / multiple choice question 41 from the 2017 Post Utme Osustech Commerce examination.
A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal revenue function is MR = 200 - 4Q, what is the price elasticity of demand at a quantity of 50 units?
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This is Post Utme Osustech 2017 Commerce Question 41. It is one of the objective questions from the 2017 Post Utme Osustech Commerce examination.
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