Post Utme Pan Atlantic University 2017 Commerce Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2017 Commerce Objective / Multiple Choice

Question 12 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • COMMERCE • objective

A firm's revenue is maximized when the marginal revenue equals the marginal cost. What is the name of this rule?

Answer Options

A. Law of Diminishing Marginal Utility

B. Law of Increasing Marginal Opportunity Cost

Correct Answer C. Marginal Revenue Rule

D. Marginal Cost Rule

Correct Answer

Correct Option:

Marginal Revenue Rule

About This Question

This is Post Utme Pan Atlantic University 2017 Commerce Question 12. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Commerce examination.

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