Post Utme Ui 2021 Economics Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Ui Economics examination.

Post Utme Ui 2021 Economics Objective / Multiple Choice
Question 20 POST_UTME_UI • 2021 • ECONOMICS • objective

A monopolist's marginal revenue curve is downward-sloping because of the law of diminishing returns. Which of the following is NOT a reason for the law of diminishing returns?

Answer Options

A. Increase in the firm's fixed \costs
B. Increase in the firm's variable \costs
C. Increase in the firm's output level
Correct Answer D. Decrease in the firm's output level
Correct Answer
D
Correct Option:
Decrease in the firm's output level

About This Question

This is Post Utme Ui 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Ui Economics examination.

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