Post Utme Pan Atlantic University 2019 Economics Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2019 Economics Objective / Multiple Choice
Question 28 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is producing at a point where its marginal revenue equals its marginal \cost. What does this imply about the firm's production level?

Answer Options

Correct Answer A. The firm is producing at its profit-maximizing level.
B. The firm is producing at its minimum point.
C. The firm is producing at its maximum point.
D. The firm is producing at its break-even point.
Correct Answer
A
Correct Option:
The firm is producing at its profit-maximizing level.

About This Question

This is Post Utme Pan Atlantic University 2019 Economics Question 28. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Economics examination.

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