Post Utme Achievers University 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2019 Economics Objective / Multiple Choice
Question 1 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a cons\tant \cost function. If the firm's average \cost curve intersects its marginal \cost curve at a point where the average \cost is ₦120, what is the firm's optimal output?

Answer Options

A. 10 units
B. 20 units
Correct Answer C. 30 units
D. 40 units
Correct Answer
C
Correct Option:
30 units

About This Question

This is Post Utme Achievers University 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Achievers University Economics examination.

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