Post Utme Ims U 2017 Economics Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Ims U Economics examination.

Post Utme Ims U 2017 Economics Objective / Multiple Choice
Question 8 POST_UTME_IMS_U • 2017 • ECONOMICS • objective

A firm is producing at the point where its marginal revenue equals its marginal \cost. What is the firm's profit-maximizing output?

Answer Options

Correct Answer A. The firm's profit-maximizing output is the quantity where MR = MC
B. The firm's profit-maximizing output is the quantity where MR > MC
C. The firm's profit-maximizing output is the quantity where MR < MC
D. The firm's profit-maximizing output is the quantity where MR = MC and MR > MC
Correct Answer
A
Correct Option:
The firm's profit-maximizing output is the quantity where MR = MC

About This Question

This is Post Utme Ims U 2017 Economics Question 8. It is one of the objective questions from the 2017 Post Utme Ims U Economics examination.

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