Post Utme Noun 2023 Commerce Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Noun Commerce examination.

Post Utme Noun 2023 Commerce Objective / Multiple Choice
Question 1 POST_UTME_NOUN • 2023 • COMMERCE • objective

In a perfectly competitive market, what is the relationship between the marginal revenue (MR) and the marginal cost (MC) of a firm?

Answer Options

A. MR > MC
B. MR < MC
Correct Answer C. MR = MC
D. MR = MC + 1
Correct Answer
C
Correct Option:
MR = MC

About This Question

This is Post Utme Noun 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Noun Commerce examination.

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