Post Utme Coal City University 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ECONOMICS • objective
Post Utme Coal City University 2018 Economics Question 15 diagram

A firm is producing a good with a marginal \cost curve that is downward sloping. What is the shape of the firm's average \cost curve?

Answer Options

A. The average \cost curve is upward sloping.
Correct Answer B. The average \cost curve is downward sloping.
C. The average \cost curve is horizontal.
D. The average \cost curve is vertical.
Correct Answer
B
Correct Option:
The average \cost curve is downward sloping.

About This Question

This is Post Utme Coal City University 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Coal City University Economics examination.

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