Post Utme Noun 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Noun Economics examination.

Post Utme Noun 2021 Economics Objective / Multiple Choice
Question 37 POST_UTME_NOUN • 2021 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market. If the firm's marginal revenue (MR) curve intersects its marginal \cost (MC) curve at point E, where MR = MC, and the firm is producing at a level of output where MR > MC, what is the firm's optimal output level?

Answer Options

Correct Answer A. The firm is producing at a level of output where MR = MC.
B. The firm is producing at a level of output where MR > MC.
C. The firm is producing at a level of output where MR < MC.
D. The firm is producing at a level of output where MR = MC and MR > MC.
Correct Answer
A
Correct Option:
The firm is producing at a level of output where MR = MC.

About This Question

This is Post Utme Noun 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Noun Economics examination.

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