Post Utme Covenant University 2024 Economics Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 6 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market. If the firm's average total \cost (ATC) curve intersects its marginal \cost (MC) curve at two points, what can be concluded about the firm's production decision?

Answer Options

A. The firm will produce at the point where ATC intersects MC.
B. The firm will produce at the point where MC intersects ATC.
Correct Answer C. The firm will produce at both points where ATC intersects MC.
D. The firm will not produce at all.
Correct Answer
C
Correct Option:
The firm will produce at both points where ATC intersects MC.

About This Question

This is Post Utme Covenant University 2024 Economics Question 6. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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