Post Utme Skyline University 2019 Economics Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2019 Economics Objective / Multiple Choice

Question 38 POST_UTME_SKYLINE_UNIVERSITY • 2019 • 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?

Answer Options

Correct Answer A. The firm will increase its output.

B. The firm will decrease 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.

About This Question

This is Post Utme Skyline University 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Skyline University Economics examination.

View More Post Utme Skyline University 2019 Economics Questions More Post Utme Skyline University 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