Post Utme Pan Atlantic University 2025 Economics Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2025 Economics Objective / Multiple Choice
Question 22 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is producing a product with a total revenue of ₦100,000 and a total \cost of ₦80,000. If the price elasticity of demand is 0.5, what is the price at which the firm should produce the product?

Answer Options

A. ₦10
Correct Answer B. ₦20
C. ₦30
D. ₦40
Correct Answer
B
Correct Option:
₦20

About This Question

This is Post Utme Pan Atlantic University 2025 Economics Question 22. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Economics examination.

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