Post Utme Uniben 2019 Economics Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Uniben Economics examination.

Post Utme Uniben 2019 Economics Objective / Multiple Choice
Question 36 POST_UTME_UNIBEN • 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 and price?

Answer Options

Correct Answer A. The firm will increase output and price.
B. The firm will decrease output and price.
C. The firm will increase output but decrease price.
D. The firm will decrease output but increase price.
Correct Answer
A
Correct Option:
The firm will increase output and price.

About This Question

This is Post Utme Uniben 2019 Economics Question 36. It is one of the objective questions from the 2019 Post Utme Uniben Economics examination.

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