Post Utme Elizade University 2024 Economics Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2024 Economics Objective / Multiple Choice
Question 16 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ECONOMICS • objective
Post Utme Elizade University 2024 Economics Question 16 diagram

Consider a firm operating in a perfectly competitive market. If the firm's average \cost curve (AC) intersects the demand curve (D) at point E, and the marginal \cost curve (MC) intersects the demand curve (D) at point F, what is the likely outcome for the firm's profit?

Answer Options

Correct Answer A. The firm will make a normal profit.
B. The firm will make an economic profit.
C. The firm will make a loss.
D. The firm will break even.
Correct Answer
A
Correct Option:
The firm will make a normal profit.

About This Question

This is Post Utme Elizade University 2024 Economics Question 16. It is one of the objective questions from the 2024 Post Utme Elizade University Economics examination.

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