Post Utme Uniosun 2020 Economics Question 4
Practice objective / multiple choice question 4 from the 2020 Post Utme Uniosun Economics examination.
A firm is producing a commodity with a marginal revenue of ₦100 and a marginal \cost of ₦80. If the price elasticity of demand is 2, and the firm wants to maximize its profit, what should be the optimal quantity?
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About This Question
This is Post Utme Uniosun 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Uniosun Economics examination.
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