Post Utme Noun 2024 Commerce Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Noun Commerce examination.

Post Utme Noun 2024 Commerce Objective / Multiple Choice

Question 1 POST_UTME_NOUN • 2024 • COMMERCE • objective

In a perfectly competitive market, what is the relationship between the marginal revenue and marginal cost curves?

Correct Answer A. They intersect at the equilibrium price and quantity

B. Marginal revenue is always greater than marginal cost

C. Marginal cost is always greater than marginal revenue

D. They are parallel to each other

Correct Answer

Correct Option:

They intersect at the equilibrium price and quantity

This is Post Utme Noun 2024 Commerce Question 1. It is one of the objective questions from the 2024 Post Utme Noun Commerce examination.

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