Post Utme Achievers University 2017 Commerce Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2017 Commerce Objective / Multiple Choice

Question 6 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • COMMERCE • objective

In a perfectly competitive market, what is the relationship between the marginal revenue and marginal cost curves?

Answer Options

A. Marginal revenue is always greater than marginal cost.

B. Marginal revenue is always less than marginal cost.

Correct Answer C. Marginal revenue equals marginal cost.

D. Marginal revenue and marginal cost are unrelated.

Correct Answer

Correct Option:

Marginal revenue equals marginal cost.

About This Question

This is Post Utme Achievers University 2017 Commerce Question 6. It is one of the objective questions from the 2017 Post Utme Achievers University Commerce examination.

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