Post Utme Greenfield University 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is faced with a downward-sloping demand curve and a cons\tant marginal \cost curve. If the firm increases its output from 100 units to 120 units, and the price falls from ₦100 to ₦90, what is the change in consumer surplus?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Greenfield University 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Greenfield University Economics examination.

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