Post Utme Pan Atlantic University 2025 Economics Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2025 Economics Objective / Multiple Choice
Question 24 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is producing a product with a marginal revenue of ₦100 and a marginal \cost of ₦80. 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 24. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Economics examination.

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