Post Utme Noun 2022 Economics Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Noun Economics examination.

Post Utme Noun 2022 Economics Objective / Multiple Choice
Question 2 POST_UTME_NOUN • 2022 • ECONOMICS • objective

A firm is producing a product at a level where the marginal revenue (MR) is ₦10 and the marginal \cost (MC) is ₦15. What is the change in the firm's profit if it increases production by 1 unit?

Answer Options

Correct Answer A. -₦5
B. ₦5
C. ₦10
D. ₦15
Correct Answer
A
Correct Option:
-₦5

About This Question

This is Post Utme Noun 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Noun Economics examination.

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