Post Utme Covenant University 2021 Economics Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2021 Economics Objective / Multiple Choice
Question 29 POST_UTME_COVENANT_UNIVERSITY • 2021 • ECONOMICS • objective

A firm is producing a good at a level where its average revenue (AR) is equal to its average \cost (AC). If the firm increases its production by 1 unit, what will happen to its average revenue (AR)?

Answer Options

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

About This Question

This is Post Utme Covenant University 2021 Economics Question 29. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.

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