Post Utme Lead City University 2023 Economics Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2023 Economics Objective / Multiple Choice

Question 6 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's average total \cost (ATC) curve is U-shaped, with ATC initially decrea\sing and then increa\sing. What is the primary reason for this U-shaped ATC curve?

Answer Options

Correct Answer A. Increa\sing marginal product of labor

B. Decrea\sing marginal product of labor

C. Increa\sing marginal \cost

D. Decrea\sing marginal revenue

Correct Answer

Correct Option:

Increa\sing marginal product of labor

About This Question

This is Post Utme Lead City University 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Lead City University Economics examination.

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