Post Utme Babcock University 2025 Economics Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2025 Economics Objective / Multiple Choice

Question 7 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is operating in a perfectly competitive market. 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 will keep its output cons\tant

D. The firm will exit the market

Correct Answer

Correct Option:

The firm will increase its output

About This Question

This is Post Utme Babcock University 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Babcock University Economics examination.

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