Post Utme Madonna University 2019 Economics Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2019 Economics Objective / Multiple Choice
Question 11 POST_UTME_MADONNA_UNIVERSITY • 2019 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Madonna University 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.

View More Post Utme Madonna University 2019 Economics Questions More Post Utme Madonna University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support