Post Utme Eksu 2018 Commerce Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Eksu Commerce examination.

Post Utme Eksu 2018 Commerce Objective / Multiple Choice
Question 2 POST_UTME_EKSU • 2018 • COMMERCE • objective

A firm's supply curve is upward-sloping. What does this indicate about the firm's production costs?

Answer Options

Correct Answer A. The firm's production costs are increasing
B. The firm's production costs are decreasing
C. The firm's production costs are constant
D. The firm's production costs are unrelated to supply
Correct Answer
A
Correct Option:
The firm's production costs are increasing

About This Question

This is Post Utme Eksu 2018 Commerce Question 2. It is one of the objective questions from the 2018 Post Utme Eksu Commerce examination.

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