Post Utme Caleb University 2018 Economics Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2018 Economics Objective / Multiple Choice
Question 26 POST_UTME_CALEB_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is operating on its long-run average \cost curve. If the firm experiences a decrease in the price of one of its inputs, what will happen to its long-run average \cost curve?

Answer Options

A. It will shift to the left
B. It will shift to the right
C. It will remain unchanged
Correct Answer D. It will shift downwards
Correct Answer
D
Correct Option:
It will shift downwards

About This Question

This is Post Utme Caleb University 2018 Economics Question 26. It is one of the objective questions from the 2018 Post Utme Caleb University Economics examination.

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