Post Utme Pan Atlantic University 2017 Economics Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2017 Economics Objective / Multiple Choice

Question 36 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market. If the firm's marginal revenue (MR) is greater than its marginal \cost (MC), what is the optimal quantity of output to produce?

Answer Options

Correct Answer A. Increase production to the point where MR = MC

B. Decrease production to the point where MR = MC

C. Produce the quantity where MR > MC

D. Produce the quantity where MR < MC

Correct Answer

Correct Option:

Increase production to the point where MR = MC

About This Question

This is Post Utme Pan Atlantic University 2017 Economics Question 36. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Economics examination.

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