Post Utme Mountain Top University 2025 Economics Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice
Question 16 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is operating on its long-run average \cost curve. If the firm experiences a decrease in the price of one of its inputs, 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 Mountain Top University 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

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