Post Utme Lasu 2025 Economics Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Lasu Economics examination.

Post Utme Lasu 2025 Economics Objective / Multiple Choice
Question 10 POST_UTME_LASU • 2025 • ECONOMICS • objective
Post Utme Lasu 2025 Economics Question 10 diagram

A monopolist faces a demand curve given by the equation Q = 100 - 2P. The firm's marginal revenue (MR) is given by the equation MR = 2P. Which of the following is the correct interpretation of the MR curve?

Answer Options

A. The MR curve is upward-sloping.
Correct Answer B. The MR curve is downward-sloping.
C. The MR curve is horizontal.
D. The MR curve is vertical.
Correct Answer
B
Correct Option:
The MR curve is downward-sloping.

About This Question

This is Post Utme Lasu 2025 Economics Question 10. It is one of the objective questions from the 2025 Post Utme Lasu Economics examination.

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