Post Utme Elizade University 2025 Economics Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2025 Economics Objective / Multiple Choice
Question 31 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is operating on its long-run average \cost curve. If the firm experiences a decrease in the price of one of its inputs, what will happen to its long-run average \cost curve?

Answer Options

A. It will shift to the left
Correct Answer B. It will shift to the right
C. It will remain unchanged
D. It will shift upwards
Correct Answer
B
Correct Option:
It will shift to the right

About This Question

This is Post Utme Elizade University 2025 Economics Question 31. It is one of the objective questions from the 2025 Post Utme Elizade University Economics examination.

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