Post Utme Unilag 2020 Commerce Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Unilag Commerce examination.

Post Utme Unilag 2020 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UNILAG • 2020 • COMMERCE • objective

In a perfectly competitive market, what is the relationship between the marginal revenue product (MRP) and the marginal factor cost (MFC)?

Answer Options

A. MRP > MFC
B. MRP < MFC
Correct Answer C. MRP = MFC
D. MRP and MFC are unrelated
Correct Answer
C
Correct Option:
MRP = MFC

About This Question

This is Post Utme Unilag 2020 Commerce Question 1. It is one of the objective questions from the 2020 Post Utme Unilag Commerce examination.

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