Post Utme Unilag 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 21 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

A firm faces a downward-sloping demand curve, and its marginal revenue (MR) curve intersects the marginal \cost (MC) curve at point E. If the firm produces at this level of output, what is the opportunity \cost of producing one more unit of output?

Answer Options

A. The price elasticity of demand
B. The slope of the demand curve
Correct Answer C. The difference between MR and MC
D. The firm's total revenue
Correct Answer
C
Correct Option:
The difference between MR and MC

About This Question

This is Post Utme Unilag 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

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