Post Utme Osustech 2024 Economics Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 26 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a downward-sloping demand curve. If the firm's marginal revenue (MR) is 10 and its marginal \cost (MC) is 8, what is the change in quantity supplied?

Answer Options

A. Increase by 2 units
Correct Answer B. Decrease by 2 units
C. No change in quantity supplied
D. Increase by 4 units
Correct Answer
B
Correct Option:
Decrease by 2 units

About This Question

This is Post Utme Osustech 2024 Economics Question 26. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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