Post Utme Joseph Ayo Babalola University 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2019 Economics Objective / Multiple Choice
Question 3 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is operating in a perfectly competitive market. If the firm's marginal revenue (MR) is greater than its marginal \cost (MC), what will happen to the firm's output?

Answer Options

Correct Answer A. Increase output
B. Decrease output
C. Keep output the same
D. Increase price
Correct Answer
A
Correct Option:
Increase output

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

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