Post Utme Babcock University 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2019 Economics Objective / Multiple Choice
Question 3 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolist is facing a downward-sloping demand curve. If the monopolist's marginal revenue (MR) is greater than its marginal \cost (MC), what will be the monopolist's optimal output?

Answer Options

Correct Answer A. The monopolist will produce at the point where MR = MC.
B. The monopolist will produce at the point where MR > MC.
C. The monopolist will produce at the point where MR < MC.
D. The monopolist will produce at the point where MR = MC and MC is at its minimum.
Correct Answer
A
Correct Option:
The monopolist will produce at the point where MR = MC.

About This Question

This is Post Utme Babcock University 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Babcock University Economics examination.

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