Post Utme Uniport 2019 Economics Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Uniport Economics examination.

Post Utme Uniport 2019 Economics Objective / Multiple Choice

Question 17 POST_UTME_UNIPORT • 2019 • ECONOMICS • objective

A firm is 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?

Answer Options

A. The firm's output will decrease.

Correct Answer B. The firm's output will increase.

C. The firm's output will remain unchanged.

D. The effect on the firm's output is ambiguous.

Correct Answer

Correct Option:

The firm's output will increase.

About This Question

This is Post Utme Uniport 2019 Economics Question 17. It is one of the objective questions from the 2019 Post Utme Uniport Economics examination.

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