Post Utme Wellspring University 2021 Commerce Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2021 Commerce Objective / Multiple Choice
Question 11 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • COMMERCE • objective

In a perfectly competitive market, what is the relationship between the marginal revenue product (MRP) of a firm and the marginal factor cost (MFC)?

Answer Options

A. MRP = MFC
B. MRP > MFC
Correct Answer C. MRP < MFC
D. MRP and MFC are unrelated
Correct Answer
C
Correct Option:
MRP < MFC

About This Question

This is Post Utme Wellspring University 2021 Commerce Question 11. It is one of the objective questions from the 2021 Post Utme Wellspring University Commerce examination.

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