Post Utme Abu 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Abu Economics examination.

Post Utme Abu 2024 Economics Objective / Multiple Choice
Question 38 POST_UTME_ABU • 2024 • ECONOMICS • objective

A firm is producing at a point where its marginal \cost is equal to its average \cost. If the firm increases its output by 10%, what is the change in its average \cost?

Answer Options

A. Increases by 10%
B. Decreases by 10%
Correct Answer C. Remains the same
D. Increases by 20%
Correct Answer
C
Correct Option:
Remains the same

About This Question

This is Post Utme Abu 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Abu Economics examination.

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