Post Utme Unilag 2022 General Studies Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Unilag General Studies examination.

Post Utme Unilag 2022 General Studies Objective / Multiple Choice
Question 2 POST_UTME_UNILAG • 2022 • GENERAL STUDIES • objective

A firm's profit-maximizing output is determined by the point where the marginal revenue equals the marginal cost. What is the term for this point?

Answer Options

A. Equilibrium point
B. Optimal point
Correct Answer C. Profit-maximizing point
D. Break-even point
Correct Answer
C
Correct Option:
Profit-maximizing point

About This Question

This is Post Utme Unilag 2022 General Studies Question 2. It is one of the objective questions from the 2022 Post Utme Unilag General Studies examination.

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