Post Utme Lead City University 2017 Commerce Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2017 Commerce Objective / Multiple Choice
Question 40 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • COMMERCE • objective

In a perfectly competitive market, the supply curve is represented by the marginal cost curve. What is the relationship between the marginal cost curve and the average total cost curve?

Answer Options

A. The marginal cost curve is always above the average total cost curve.
Correct Answer B. The marginal cost curve is always below the average total cost curve.
C. The marginal cost curve intersects the average total cost curve at the minimum point.
D. The marginal cost curve is parallel to the average total cost curve.
Correct Answer
B
Correct Option:
The marginal cost curve is always below the average total cost curve.

About This Question

This is Post Utme Lead City University 2017 Commerce Question 40. It is one of the objective questions from the 2017 Post Utme Lead City University Commerce examination.

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