Post Utme Greenfield University 2017 Commerce Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2017 Commerce Objective / Multiple Choice
Question 6 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • COMMERCE • objective

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

Answer Options

A. The marginal revenue curve is always above the marginal cost curve.
Correct Answer B. The marginal revenue curve is always below the marginal cost curve.
C. The marginal revenue curve intersects the marginal cost curve at the equilibrium price.
D. The marginal revenue curve is horizontal and the marginal cost curve is upward sloping.
Correct Answer
B
Correct Option:
The marginal revenue curve is always below the marginal cost curve.

About This Question

This is Post Utme Greenfield University 2017 Commerce Question 6. It is one of the objective questions from the 2017 Post Utme Greenfield University Commerce examination.

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