Post Utme Unn 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Unn Economics examination.

Post Utme Unn 2023 Economics Objective / Multiple Choice
Question 20 POST_UTME_UNN • 2023 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a downward-sloping demand curve. If the firm increases its production, what will happen to its marginal revenue?

Answer Options

A. Marginal revenue will increase
Correct Answer B. Marginal revenue will decrease
C. Marginal revenue will remain cons\tant
D. Marginal revenue will become negative
Correct Answer
B
Correct Option:
Marginal revenue will decrease

About This Question

This is Post Utme Unn 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Unn Economics examination.

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