Post Utme Unn 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNN • 2024 • ECONOMICS • objective

A firm is facing a downward-sloping demand curve. If the firm's marginal revenue (MR) is decrea\sing, what will be the effect on the firm's output?

Answer Options

A. The firm will increase its output.
Correct Answer B. The firm will reduce its output.
C. The firm's output will remain unchanged.
D. The firm will exit the market.
Correct Answer
B
Correct Option:
The firm will reduce its output.

About This Question

This is Post Utme Unn 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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