Post Utme Rhema University 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2020 Economics Objective / Multiple Choice
Question 17 POST_UTME_RHEMA_UNIVERSITY • 2020 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve that is downward sloping but has a cons\tant elasticity of -2. If the firm's marginal revenue is 100, what is its marginal \cost?

Answer Options

A. 50
B. 75
Correct Answer C. 100
D. 125
Correct Answer
C
Correct Option:
100

About This Question

This is Post Utme Rhema University 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Rhema University Economics examination.

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