Post Utme Delsu 2019 Commerce Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Delsu Commerce examination.

Post Utme Delsu 2019 Commerce Objective / Multiple Choice
Question 36 POST_UTME_DELSU • 2019 • COMMERCE • objective

In a perfectly competitive market, the demand curve for a firm's product is its marginal revenue curve. What is the implication of this for the firm's profit-maximizing output?

Answer Options

Correct Answer A. The firm will produce at the point where MR = MC.
B. The firm will produce at the point where MR = P.
C. The firm will produce at the point where MR = ATC.
D. The firm will produce at the point where MR = AFC.
Correct Answer
A
Correct Option:
The firm will produce at the point where MR = MC.

About This Question

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

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