Post Utme Unilorin 2025 Economics Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2025 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNILORIN • 2025 • ECONOMICS • objective

A firm's marginal revenue (MR) curve is steeper than its marginal \cost (MC) curve. What does this imply about the firm's profit-maximizing output?

Answer Options

Correct Answer A. The firm's profit-maximizing output increases.
B. The firm's profit-maximizing output decreases.
C. The firm's profit-maximizing output remains unchanged.
D. The firm's profit-maximizing output becomes uncertain.
Correct Answer
A
Correct Option:
The firm's profit-maximizing output increases.

About This Question

This is Post Utme Unilorin 2025 Economics Question 29. It is one of the objective questions from the 2025 Post Utme Unilorin Economics examination.

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