Post Utme Esut 2024 Geography Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Esut Geography examination.

Post Utme Esut 2024 Geography Objective / Multiple Choice
Question 11 POST_UTME_ESUT • 2024 • GEOGRAPHY • objective

In a perfectly competitive market, the supply curve is typically represented by the marginal cost curve. What is the relationship between the marginal cost curve and the supply curve?

Answer Options

A. The marginal cost curve is always above the supply curve.
Correct Answer B. The marginal cost curve is always below the supply curve.
C. The marginal cost curve is equal to the supply curve.
D. The marginal cost curve is parallel to the supply curve.
Correct Answer
B
Correct Option:
The marginal cost curve is always below the supply curve.

About This Question

This is Post Utme Esut 2024 Geography Question 11. It is one of the objective questions from the 2024 Post Utme Esut Geography examination.

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