Post Utme Afe Babalola University 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

A firm is producing a good at a point where the marginal revenue product is equal to the marginal factor \cost. Which of the following is a likely consequence of this situation?

Answer Options

A. The firm is producing at the maximum profit.
B. The firm is producing at the minimum \cost.
Correct Answer C. The firm is producing at the break-even point.
D. The firm is producing at a loss.
Correct Answer
C
Correct Option:
The firm is producing at the break-even point.

About This Question

This is Post Utme Afe Babalola University 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.

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