Post Utme Unn 2025 Economics Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Unn Economics examination.

Post Utme Unn 2025 Economics Objective / Multiple Choice
Question 11 POST_UTME_UNN • 2025 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a downward-sloping demand curve. If the firm's marginal revenue (MR) is equal to its marginal \cost (MC), what is the implication for the firm's output and price?

Answer Options

Correct Answer A. The firm is producing at its profit-maximizing level of output.
B. The firm is producing at its minimum point on the average total \cost (ATC) curve.
C. The firm is producing at its maximum point on the marginal revenue product (MRP) curve.
D. The firm is producing at its break-even point.
Correct Answer
A
Correct Option:
The firm is producing at its profit-maximizing level of output.

About This Question

This is Post Utme Unn 2025 Economics Question 11. It is one of the objective questions from the 2025 Post Utme Unn Economics examination.

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