Post Utme Lautech 2025 Economics Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Lautech Economics examination.

Post Utme Lautech 2025 Economics Objective / Multiple Choice
Question 11 POST_UTME_LAUTECH • 2025 • ECONOMICS • objective

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

Answer Options

Correct Answer A. The firm will increase its output.
B. The firm will decrease its output.
C. The firm's output will remain unchanged.
D. The firm will not produce any output.
Correct Answer
A
Correct Option:
The firm will increase its output.

About This Question

This is Post Utme Lautech 2025 Economics Question 11. It is one of the objective questions from the 2025 Post Utme Lautech Economics examination.

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