Post Utme Bells University 2019 Economics Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Bells University Economics examination.

Post Utme Bells University 2019 Economics Objective / Multiple Choice
Question 11 POST_UTME_BELLS_UNIVERSITY • 2019 • ECONOMICS • objective

A perfectly competitive firm's supply curve is a rec\tangular hyperbola. What is the shape of the firm's marginal \cost (MC) curve?

Answer Options

A. U-shaped
Correct Answer B. L-shaped
C. Horizontal
D. Vertical
Correct Answer
B
Correct Option:
L-shaped

About This Question

This is Post Utme Bells University 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Bells University Economics examination.

View More Post Utme Bells University 2019 Economics Questions More Post Utme Bells University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support