Post Utme Rsu 2024 Commerce Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Rsu Commerce examination.

Post Utme Rsu 2024 Commerce Objective / Multiple Choice
Question 6 POST_UTME_RSU • 2024 • COMMERCE • objective

In a perfectly competitive market, what is the relationship between the marginal revenue and marginal cost curves?

Answer Options

A. Marginal revenue is always greater than marginal cost.
B. Marginal revenue is always less than marginal cost.
Correct Answer C. Marginal revenue equals marginal cost at the profit-maximizing output level.
D. Marginal revenue is equal to marginal cost at all output levels.
Correct Answer
C
Correct Option:
Marginal revenue equals marginal cost at the profit-maximizing output level.

About This Question

This is Post Utme Rsu 2024 Commerce Question 6. It is one of the objective questions from the 2024 Post Utme Rsu Commerce examination.

View More Post Utme Rsu 2024 Commerce Questions More Post Utme Rsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support