Post Utme Redeemers University 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2017 Economics Objective / Multiple Choice
Question 2 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ECONOMICS • objective

A firm is operating in a perfectly competitive market. If the market price of its product is ₦200 and the marginal revenue is ₦180, what is the marginal \cost?

Answer Options

A. ₦120
B. ₦150
Correct Answer C. ₦180
D. ₦200
Correct Answer
C
Correct Option:
₦180

About This Question

This is Post Utme Redeemers University 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Redeemers University Economics examination.

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