Post Utme Ksu 2020 Economics Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 31 POST_UTME_KSU • 2020 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market. If the firm's marginal revenue (MR) and marginal \cost (MC) curves intersect at point E, what is the optimal quantity of output for the firm?

Answer Options

Correct Answer A. The quantity of output at which MR = MC
B. The quantity of output at which MR > MC
C. The quantity of output at which MR < MC
D. The quantity of output at which MC = 0
Correct Answer
A
Correct Option:
The quantity of output at which MR = MC

About This Question

This is Post Utme Ksu 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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