Post Utme Crawford University 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist's marginal revenue (MR) curve is a graphical representation of the rate of change of total revenue with respect to the quantity of output produced. Which of the following is a characteristic of a monopolist's MR curve?

Answer Options

Correct Answer A. It is downward sloping
B. It is upward sloping
C. It is horizontal
D. It is vertical
Correct Answer
A
Correct Option:
It is downward sloping

About This Question

This is Post Utme Crawford University 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Crawford University Economics examination.

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