Post Utme Bsu 2019 Economics Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Bsu Economics examination.

Post Utme Bsu 2019 Economics Objective / Multiple Choice
Question 36 POST_UTME_BSU • 2019 • ECONOMICS • objective

In a perfectly competitive market, the demand curve for a firm's product is its marginal revenue curve. What is the relationship between the firm's marginal \cost (MC) and its marginal revenue (MR)?

Answer Options

A. MC > MR
Correct Answer B. MC = MR
C. MC < MR
D. MC and MR are unrelated
Correct Answer
B
Correct Option:
MC = MR

About This Question

This is Post Utme Bsu 2019 Economics Question 36. It is one of the objective questions from the 2019 Post Utme Bsu Economics examination.

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