Post Utme Crawford University 2017 Economics Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2017 Economics Objective / Multiple Choice
Question 39 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's \cost function is a mathematical representation of the total \cost of producing a given quantity of output. Which of the following is a characteristic of a firm's \cost function?

Answer Options

A. It is upward sloping
Correct Answer B. It is downward sloping
C. It is horizontal
D. It is vertical
Correct Answer
B
Correct Option:
It is downward sloping

About This Question

This is Post Utme Crawford University 2017 Economics Question 39. It is one of the objective questions from the 2017 Post Utme Crawford University Economics examination.

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