Post Utme Bowen University 2025 Economics Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2025 Economics Objective / Multiple Choice

Question 16 POST_UTME_BOWEN_UNIVERSITY • 2025 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a given supply curve. If the firm's marginal revenue (MR) is greater than its marginal \cost (MC), what will be the effect on the firm's output and profit?

Answer Options

Correct Answer A. The firm will increase output and profit.

B. The firm will decrease output and profit.

C. The firm's output will remain the same, but profit will increase.

D. The firm's output will remain the same, but profit will decrease.

Correct Answer

Correct Option:

The firm will increase output and profit.

About This Question

This is Post Utme Bowen University 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Bowen University Economics examination.

View More Post Utme Bowen University 2025 Economics Questions More Post Utme Bowen University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support