Post Utme Achievers University 2018 Commerce Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2018 Commerce Objective / Multiple Choice
Question 27 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • COMMERCE • objective

A firm's profit-maximizing output is the point at which its marginal revenue (MR) equals its marginal cost (MC). Which of the following is a correct formula for calculating the profit-maximizing output?

Answer Options

Correct Answer A. Q* = MR = MC
B. Q* = MR - MC
C. Q* = MR + MC
D. Q* = MC - MR
Correct Answer
A
Correct Option:
Q* = MR = MC

About This Question

This is Post Utme Achievers University 2018 Commerce Question 27. It is one of the objective questions from the 2018 Post Utme Achievers University Commerce examination.

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