Post Utme Noun 2025 Economics Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Noun Economics examination.

Post Utme Noun 2025 Economics Objective / Multiple Choice
Question 31 POST_UTME_NOUN • 2025 • ECONOMICS • objective

A perfectly competitive firm in the short run will maximize profits when its marginal revenue equals its marginal \cost. However, in the long run, the firm will exit the market if its average total \cost exceeds its average revenue. Which of the following statements is NOT true?

Answer Options

A. A firm will always produce at the minimum point of its average total \cost curve.
B. A firm will always produce where its marginal revenue equals its marginal \cost.
C. A firm will exit the market if its average total \cost exceeds its average revenue.
Correct Answer D. A firm will always produce where its average total \cost equals its average revenue.
Correct Answer
D
Correct Option:
A firm will always produce where its average total \cost equals its average revenue.

About This Question

This is Post Utme Noun 2025 Economics Question 31. It is one of the objective questions from the 2025 Post Utme Noun Economics examination.

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