Post Utme Covenant University 2021 Economics Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2021 Economics Objective / Multiple Choice
Question 27 POST_UTME_COVENANT_UNIVERSITY • 2021 • ECONOMICS • objective

A firm is producing a good at a level where its marginal revenue (MR) is equal to its marginal \cost (MC). If the firm increases its production by 1 unit, what will happen to its total revenue (TR)?

Answer Options

Correct Answer A. TR will increase by 1 unit
B. TR will decrease by 1 unit
C. TR will remain the same
D. TR will increase by more than 1 unit
Correct Answer
A
Correct Option:
TR will increase by 1 unit

About This Question

This is Post Utme Covenant University 2021 Economics Question 27. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.

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