Post Utme Coal City University 2018 Economics Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2018 Economics Objective / Multiple Choice

Question 21 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market. If the firm's marginal revenue (MR) is greater than its marginal \cost (MC), what will be the effect on 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's output will remain unchanged.

D. The firm will enter or exit the market.

Correct Answer

Correct Option:

The firm will increase its output.

About This Question

This is Post Utme Coal City University 2018 Economics Question 21. It is one of the objective questions from the 2018 Post Utme Coal City University Economics examination.

View More Post Utme Coal City University 2018 Economics Questions More Post Utme Coal City 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