Post Utme Ui 2020 Economics Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Ui Economics examination.

Post Utme Ui 2020 Economics Objective / Multiple Choice
Question 37 POST_UTME_UI • 2020 • ECONOMICS • objective

A firm is producing a product with a total revenue of ₦1200 and a total \cost of ₦800. If the price elasticity of demand is 2, what is the price of 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 Ui 2020 Economics Question 37. It is one of the objective questions from the 2020 Post Utme Ui Economics examination.

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