Post Utme Bells University 2020 Economics Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Bells University Economics examination.

Post Utme Bells University 2020 Economics Objective / Multiple Choice
Question 11 POST_UTME_BELLS_UNIVERSITY • 2020 • ECONOMICS • objective

In a perfectly competitive market, what is the relationship between the marginal revenue product (MRP) and the marginal factor \cost (MFC)?

Answer Options

A. MRP > MFC
B. MRP < MFC
Correct Answer C. MRP = MFC
D. MRP = -MFC
Correct Answer
C
Correct Option:
MRP = MFC

About This Question

This is Post Utme Bells University 2020 Economics Question 11. It is one of the objective questions from the 2020 Post Utme Bells University Economics examination.

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