Post Utme Wellspring University 2017 Economics Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2017 Economics Objective / Multiple Choice
Question 14 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ECONOMICS • objective

A firm is producing a commodity at a point where the marginal \cost of production is equal to the marginal revenue. If the firm increases the price of the commodity, what will be the effect on the quantity supplied?

Answer Options

Correct Answer A. The quantity supplied will increase
B. The quantity supplied will decrease
C. The quantity supplied will remain cons\tant
D. The quantity supplied will increase at a decrea\sing rate
Correct Answer
A
Correct Option:
The quantity supplied will increase

About This Question

This is Post Utme Wellspring University 2017 Economics Question 14. It is one of the objective questions from the 2017 Post Utme Wellspring University Economics examination.

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