Post Utme Abu 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Abu Economics examination.

Post Utme Abu 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_ABU • 2018 • ECONOMICS • objective

A monopolist faces a downward-sloping demand curve. If the firm increases its price, what will happen to its marginal revenue?

Answer Options

A. Increase
Correct Answer B. Decrease
C. Remain the same
D. Become indeterminate
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Abu 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Abu Economics examination.

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