Post Utme Caleb University 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2018 Economics Objective / Multiple Choice

Question 23 POST_UTME_CALEB_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is producing a good with a cons\tant marginal \cost and a downward-sloping marginal revenue curve. If the firm increases the price of the good, what will happen to the quantity produced?

Answer Options

A. Quantity produced increases

Correct Answer B. Quantity produced decreases

C. Quantity produced remains the same

D. Quantity produced increases, then decreases

Correct Answer

Correct Option:

Quantity produced decreases

About This Question

This is Post Utme Caleb University 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Caleb University Economics examination.

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