Post Utme Eksu 2025 Economics Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Eksu Economics examination.

Post Utme Eksu 2025 Economics Objective / Multiple Choice
Question 21 POST_UTME_EKSU • 2025 • ECONOMICS • objective

A firm's average total \cost curve intersects its average variable \cost curve at a point where the firm's marginal \cost curve is equal to its average total \cost curve. What is the implication of this point on the firm's short-run production decision?

Answer Options

A. The firm should produce at the minimum point of the average total \cost curve.
B. The firm should produce at the maximum point of the average total \cost curve.
C. The firm should produce at the point where the marginal \cost curve intersects the average variable \cost curve.
Correct Answer D. The firm should produce at the point where the marginal \cost curve intersects the average total \cost curve.
Correct Answer
D
Correct Option:
The firm should produce at the point where the marginal \cost curve intersects the average total \cost curve.

About This Question

This is Post Utme Eksu 2025 Economics Question 21. It is one of the objective questions from the 2025 Post Utme Eksu Economics examination.

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