Post Utme Veritas University 2025 Economics Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice
Question 4 POST_UTME_VERITAS_UNIVERSITY • 2025 • ECONOMICS • objective
Post Utme Veritas University 2025 Economics Question 4 diagram

A firm's marginal revenue (MR) curve is typically downward-sloping. What is the main reason for this?

Answer Options

Correct Answer A. The firm's total revenue (TR) is decrea\sing at an increa\sing rate.
B. The firm's TR is increa\sing at a decrea\sing rate.
C. The firm's TR is cons\tant.
D. The firm's TR is decrea\sing at a decrea\sing rate.
Correct Answer
A
Correct Option:
The firm's total revenue (TR) is decrea\sing at an increa\sing rate.

About This Question

This is Post Utme Veritas University 2025 Economics Question 4. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

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