Post Utme Lautech 2025 Economics Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Lautech Economics examination.

Post Utme Lautech 2025 Economics Objective / Multiple Choice
Question 33 POST_UTME_LAUTECH • 2025 • ECONOMICS • objective

A firm is producing at the minimum of its average total \cost curve. If the price of labor increases by 15%, what will happen to the firm's average total \cost?

Answer Options

Correct Answer A. Increase
B. Decrease
C. No change
D. Uncertain
Correct Answer
A
Correct Option:
Increase

About This Question

This is Post Utme Lautech 2025 Economics Question 33. It is one of the objective questions from the 2025 Post Utme Lautech Economics examination.

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