Post Utme Osustech 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Osustech Economics examination.

Post Utme Osustech 2021 Economics Objective / Multiple Choice

Question 17 POST_UTME_OSUSTECH • 2021 • ECONOMICS • objective

A firm is operating in a perfectly competitive market. If the firm's marginal revenue (MR) is greater than its marginal \cost (MC), what will happen to 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 exit the market

Correct Answer

Correct Option:

The firm will increase its output

About This Question

This is Post Utme Osustech 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Osustech Economics examination.

View More Post Utme Osustech 2021 Economics Questions More Post Utme Osustech Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support