Post Utme Greenfield University 2017 Economics Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2017 Economics Objective / Multiple Choice
Question 14 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ECONOMICS • objective

A firm is facing a downward-sloping demand curve, and its marginal revenue (MR) is decrea\sing as output increases. What is the likely effect on the firm's marginal \cost (MC) curve?

Answer Options

A. The MC curve will shift upward to the right.
Correct Answer B. The MC curve will shift downward to the left.
C. The MC curve will remain unchanged.
D. The MC curve will shift upward to the left.
Correct Answer
B
Correct Option:
The MC curve will shift downward to the left.

About This Question

This is Post Utme Greenfield University 2017 Economics Question 14. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.

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