Post Utme Esut 2019 Economics Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Esut Economics examination.

Post Utme Esut 2019 Economics Objective / Multiple Choice
Question 16 POST_UTME_ESUT • 2019 • ECONOMICS • objective

Suppose a firm is operating in a perfectly competitive market with a downward-sloping demand curve. If the firm increases its production from 100 units to 120 units, and the price per unit falls from ₦100 to ₦90, what is the likely effect on the firm's total revenue?

Answer Options

A. Total revenue increases
Correct Answer B. Total revenue decreases
C. Total revenue remains unchanged
D. Total revenue increases at a decrea\sing rate
Correct Answer
B
Correct Option:
Total revenue decreases

About This Question

This is Post Utme Esut 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Esut Economics examination.

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