Post Utme Uniben 2020 Economics Question 37

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

Post Utme Uniben 2020 Economics Objective / Multiple Choice
Question 37 POST_UTME_UNIBEN • 2020 • ECONOMICS • objective

A firm is producing a good with a total revenue of ₦1,500 and a total \cost of ₦1,200. If the price elasticity of demand for the good is 1.5, what is the price of the good?

Answer Options

A. ₦100
Correct Answer B. ₦150
C. ₦200
D. ₦250
Correct Answer
B
Correct Option:
₦150

About This Question

This is Post Utme Uniben 2020 Economics Question 37. It is one of the objective questions from the 2020 Post Utme Uniben Economics examination.

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