Post Utme Christopher University 2025 Economics Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2025 Economics Objective / Multiple Choice
Question 40 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is producing a commodity at a level where the marginal revenue equals the marginal \cost. If the price of the commodity increases, what will be the effect on the quantity supplied?

Answer Options

Correct Answer A. Quantity supplied will increase
B. Quantity supplied will decrease
C. Quantity supplied will remain the same
D. Quantity supplied will increase at a decrea\sing rate
Correct Answer
A
Correct Option:
Quantity supplied will increase

About This Question

This is Post Utme Christopher University 2025 Economics Question 40. It is one of the objective questions from the 2025 Post Utme Christopher University Economics examination.

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