Post Utme Unilorin 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2022 Economics Objective / Multiple Choice
Question 17 POST_UTME_UNILORIN • 2022 • 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
Correct Answer B. 75
C. 100
D. 125
Correct Answer
B
Correct Option:
75

About This Question

This is Post Utme Unilorin 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Unilorin Economics examination.

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