Post Utme Uniben 2025 Economics Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Uniben Economics examination.

Post Utme Uniben 2025 Economics Objective / Multiple Choice
Question 37 POST_UTME_UNIBEN • 2025 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The firm's marginal revenue (MR) function is given by MR = 200 - 4Q. Calculate the price elasticity of demand at a quantity of 60 units.

Answer Options

Correct Answer A. 0.5
B. 1
C. 2
D. 4
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Uniben 2025 Economics Question 37. It is one of the objective questions from the 2025 Post Utme Uniben Economics examination.

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