Post Utme Rhema University 2017 Commerce Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2017 Commerce Objective / Multiple Choice
Question 31 POST_UTME_RHEMA_UNIVERSITY • 2017 • COMMERCE • objective

A firm's marginal cost is the additional cost of producing one more unit of a good. Which of the following is a characteristic of a firm's marginal cost?

Answer Options

A. Increases as output increases
Correct Answer B. Decreases as output increases
C. Remains constant as output increases
D. Increases as output decreases
Correct Answer
B
Correct Option:
Decreases as output increases

About This Question

This is Post Utme Rhema University 2017 Commerce Question 31. It is one of the objective questions from the 2017 Post Utme Rhema University Commerce examination.

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