Post Utme Rsu 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Rsu Economics examination.

Post Utme Rsu 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_RSU • 2024 • ECONOMICS • objective

A firm has a total revenue function of TR = 100x - 2x^2, where x is the number of units sold. Determine the price elasticity of demand when the quantity demanded is 20 units.

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 3
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Rsu 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Rsu Economics examination.

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