Post Utme Unn 2019 General Studies Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Unn General Studies examination.

Post Utme Unn 2019 General Studies Objective / Multiple Choice
Question 12 POST_UTME_UNN • 2019 • GENERAL STUDIES • objective

A firm's profit-maximizing output is determined by the point where the marginal revenue (MR) curve intersects the marginal cost (MC) curve. Which of the following best describes the relationship between MR and MC?

Answer Options

A. MR > MC
B. MR < MC
Correct Answer C. MR = MC
D. MR > MC > ATC
Correct Answer
C
Correct Option:
MR = MC

About This Question

This is Post Utme Unn 2019 General Studies Question 12. It is one of the objective questions from the 2019 Post Utme Unn General Studies examination.

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