Post Utme Mountain Top University 2024 Economics Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2024 Economics Objective / Multiple Choice

Question 1 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ECONOMICS • objective

A firm is operating on the long-run average \cost curve. If the firm experiences a 20% increase in output, what will happen to its average \cost?

Answer Options

A. Decrease

B. Increase

Correct Answer C. No change

D. Uncertain

Correct Answer

Correct Option:

No change

About This Question

This is Post Utme Mountain Top University 2024 Economics Question 1. It is one of the objective questions from the 2024 Post Utme Mountain Top University Economics examination.

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