Post Utme Bowen University 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_BOWEN_UNIVERSITY • 2021 • ECONOMICS • objective

A firm is producing at the point of increa\sing marginal returns. If the firm's marginal revenue (MR) curve intersects its marginal \cost (MC) curve at point E, and the firm's average revenue (AR) curve is upward sloping, which of the following statements is true?

Answer Options

A. The firm is maximizing profits.
B. The firm is minimizing \costs.
C. The firm is producing at the point of diminishing marginal returns.
Correct Answer D. The firm is producing at the point of increa\sing marginal returns.
Correct Answer
D
Correct Option:
The firm is producing at the point of increa\sing marginal returns.

About This Question

This is Post Utme Bowen University 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Bowen University Economics examination.

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