Post Utme Osustech 2024 Economics Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 13 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A firm's total revenue (TR) is given by TR = 100Q - 2Q^2, where Q is quantity. If the firm is currently producing 10 units, what is the elasticity of demand?

Answer Options

Correct Answer A. 0.5
B. 1.5
C. 2.5
D. 3.5
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Osustech 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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