Post Utme Uniben 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Uniben Economics examination.

Post Utme Uniben 2023 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNIBEN • 2023 • ECONOMICS • objective

A perfectly competitive firm will produce at the point where its

Answer Options

A. marginal \cost equals its average total \cost
Correct Answer B. marginal revenue equals its marginal \cost
C. marginal revenue equals its average revenue
D. marginal \cost equals its average revenue
Correct Answer
B
Correct Option:
marginal revenue equals its marginal \cost

About This Question

This is Post Utme Uniben 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Uniben Economics examination.

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