Post Utme Uniport 2020 Economics Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Uniport Economics examination.

Post Utme Uniport 2020 Economics Objective / Multiple Choice
Question 26 POST_UTME_UNIPORT • 2020 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve with elasticity of -2. If the firm's marginal revenue is 120, what is its marginal \cost?

Answer Options

Correct Answer A. 80
B. 100
C. 120
D. 140
Correct Answer
A
Correct Option:
80

About This Question

This is Post Utme Uniport 2020 Economics Question 26. It is one of the objective questions from the 2020 Post Utme Uniport Economics examination.

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