Post Utme Mountain Top University 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ECONOMICS • objective

In a perfectly competitive market, the supply curve is upward-sloping because

Answer Options

A. Firms have a fixed \cost that increases with output
B. Firms have a fixed \cost that decreases with output
Correct Answer C. Firms have a variable \cost that increases with output
D. Firms have a variable \cost that decreases with output
Correct Answer
C
Correct Option:
Firms have a variable \cost that increases with output

About This Question

This is Post Utme Mountain Top University 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Mountain Top University Economics examination.

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