Post Utme Noun 2020 Economics Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 40 POST_UTME_NOUN • 2020 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a downward-sloping demand curve. 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 enter the market.
Correct Answer
A
Correct Option:
The firm will increase its output.

About This Question

This is Post Utme Noun 2020 Economics Question 40. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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