Post Utme Uniosun 2019 Economics Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2019 Economics Objective / Multiple Choice
Question 22 POST_UTME_UNIOSUN • 2019 • 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 120, what is its marginal \cost?

Answer Options

Correct Answer A. 100
B. 120
C. 140
D. 160
Correct Answer
A
Correct Option:
100

About This Question

This is Post Utme Uniosun 2019 Economics Question 22. It is one of the objective questions from the 2019 Post Utme Uniosun Economics examination.

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