Post Utme Christopher University 2019 Economics Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2019 Economics Objective / Multiple Choice
Question 7 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • 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

A. Output will decrease
Correct Answer B. Output will increase
C. Output will remain the same
D. Output will fluctuate
Correct Answer
B
Correct Option:
Output will increase

About This Question

This is Post Utme Christopher University 2019 Economics Question 7. It is one of the objective questions from the 2019 Post Utme Christopher University Economics examination.

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