Post Utme Bowen University 2017 Commerce Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2017 Commerce Objective / Multiple Choice
Question 3 POST_UTME_BOWEN_UNIVERSITY • 2017 • COMMERCE • objective

A firm's marginal revenue product is the change in the firm's total revenue resulting from a one-unit change in the quantity of a variable input, such as labor. The marginal revenue product curve is typically downward-sloping because of the law of

Answer Options

Correct Answer A. Diminishing Returns
B. Increasing Returns
C. Constant Returns
D. Law of Supply
Correct Answer
A
Correct Option:
Diminishing Returns

About This Question

This is Post Utme Bowen University 2017 Commerce Question 3. It is one of the objective questions from the 2017 Post Utme Bowen University Commerce examination.

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