Post Utme Wellspring University 2017 Economics Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2017 Economics Objective / Multiple Choice
Question 39 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ECONOMICS • objective

A firm is producing at a point where its marginal revenue (MR) equals its marginal \cost (MC). If the firm increases production by 1 unit, what will happen to its total revenue?

Answer Options

A. Total revenue will increase by ₦100.
B. Total revenue will decrease by ₦100.
Correct Answer C. Total revenue will remain the same.
D. Total revenue will increase by ₦200.
Correct Answer
C
Correct Option:
Total revenue will remain the same.

About This Question

This is Post Utme Wellspring University 2017 Economics Question 39. It is one of the objective questions from the 2017 Post Utme Wellspring University Economics examination.

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