Post Utme Mountain Top University 2022 Economics Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2022 Economics Objective / Multiple Choice
Question 11 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a given supply curve. If the firm's marginal revenue (MR) curve intersects the supply curve at a point where MR > MC, what will be the effect on the firm's output?

Answer Options

Correct Answer A. Increase output
B. Decrease output
C. Output remains unchanged
D. Output increases but then decreases
Correct Answer
A
Correct Option:
Increase output

About This Question

This is Post Utme Mountain Top University 2022 Economics Question 11. It is one of the objective questions from the 2022 Post Utme Mountain Top University Economics examination.

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