Post Utme Esut 2024 Commerce Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Esut Commerce examination.

Post Utme Esut 2024 Commerce Objective / Multiple Choice
Question 7 POST_UTME_ESUT • 2024 • COMMERCE • objective

A firm's revenue is maximized when the marginal revenue equals the marginal cost. What is the relationship between the total revenue and the total cost at this point?

Answer Options

A. TR > TC
Correct Answer B. TR = TC
C. TR < TC
D. TR is not related to TC
Correct Answer
B
Correct Option:
TR = TC

About This Question

This is Post Utme Esut 2024 Commerce Question 7. It is one of the objective questions from the 2024 Post Utme Esut Commerce examination.

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