Post Utme Futa 2019 Economics Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Futa Economics examination.

Post Utme Futa 2019 Economics Objective / Multiple Choice
Question 5 POST_UTME_FUTA • 2019 • ECONOMICS • objective

A firm is producing at a level of output where its marginal \cost is equal to its marginal revenue. Which of the following is a consequence of this?

Answer Options

A. The firm's total revenue is maximized.
B. The firm's total \cost is minimized.
Correct Answer C. The firm's profit is maximized.
D. The firm's average \cost is equal to its average revenue.
Correct Answer
C
Correct Option:
The firm's profit is maximized.

About This Question

This is Post Utme Futa 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Futa Economics examination.

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