Post Utme Rsu 2022 Economics Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Rsu Economics examination.

Post Utme Rsu 2022 Economics Objective / Multiple Choice

Question 11 POST_UTME_RSU • 2022 • 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 will be the effect on the firm's output?

A. The firm will decrease its output

Correct Answer B. The firm will increase 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

This is Post Utme Rsu 2022 Economics Question 11. It is one of the objective questions from the 2022 Post Utme Rsu Economics examination.

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