Post Utme Rhema University 2018 Economics Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2018 Economics Objective / Multiple Choice
Question 37 POST_UTME_RHEMA_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's short-run supply curve is upward-sloping because

Answer Options

A. fixed \costs are not fully covered by variable \costs
B. variable \costs are not fully covered by fixed \costs
Correct Answer C. marginal revenue is less than marginal \cost
D. marginal revenue is greater than marginal \cost
Correct Answer
C
Correct Option:
marginal revenue is less than marginal \cost

About This Question

This is Post Utme Rhema University 2018 Economics Question 37. It is one of the objective questions from the 2018 Post Utme Rhema University Economics examination.

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