Post Utme Madonna University 2018 Economics Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2018 Economics Objective / Multiple Choice
Question 20 POST_UTME_MADONNA_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolist is producing at a point on its demand curve where the price elasticity of demand is one. What is the implication of this for the monopolist's revenue?

Answer Options

A. The monopolist's revenue is maximized.
Correct Answer B. The monopolist's revenue is minimized.
C. The monopolist's revenue is unchanged.
D. The monopolist's revenue is increa\sing.
Correct Answer
B
Correct Option:
The monopolist's revenue is minimized.

About This Question

This is Post Utme Madonna University 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Madonna University Economics examination.

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