Post Utme Futo 2024 Commerce Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Futo Commerce examination.

Post Utme Futo 2024 Commerce Objective / Multiple Choice
Question 31 POST_UTME_FUTO • 2024 • COMMERCE • objective

In a perfectly competitive market, what is the relationship between the marginal revenue product of labor (MRPL) and the marginal factor cost (MFC)?

Answer Options

A. MRPL > MFC
B. MRPL < MFC
Correct Answer C. MRPL = MFC
D. MRPL ≠ MFC
Correct Answer
C
Correct Option:
MRPL = MFC

About This Question

This is Post Utme Futo 2024 Commerce Question 31. It is one of the objective questions from the 2024 Post Utme Futo Commerce examination.

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