Post Utme Babcock University 2024 Economics Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice
Question 11 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a downward-sloping demand curve. If the firm's marginal revenue (MR) is greater than its marginal \cost (MC), what will happen to the firm's output?

Answer Options

Correct Answer A. The firm will increase its output.
B. The firm will decrease its output.
C. The firm's output will remain unchanged.
D. The firm will exit the market.
Correct Answer
A
Correct Option:
The firm will increase its output.

About This Question

This is Post Utme Babcock University 2024 Economics Question 11. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

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