Post Utme Esut 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice

Question 22 POST_UTME_ESUT • 2017 • ECONOMICS • objective

A firm's supply curve is upward-sloping, indicating that as the price of a good increases, the quantity supplied also increases. What is the likely reason for this?

A. The firm is experiencing economies of scale.

B. The firm is experiencing diseconomies of scale.

C. The firm is facing a decrease in the opportunity \cost of production.

Correct Answer D. The firm is facing an increase in the opportunity \cost of production.

Correct Answer

Correct Option:

The firm is facing an increase in the opportunity \cost of production.

This is Post Utme Esut 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

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