Post Utme Nile University 2022 Economics Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Nile University Economics examination.

Post Utme Nile University 2022 Economics Objective / Multiple Choice

Question 11 POST_UTME_NILE_UNIVERSITY • 2022 • ECONOMICS • objective

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

Answer Options

A. The average \cost will decrease by 20%

Correct Answer B. The average \cost will increase by 20%

C. The average \cost will remain unchanged

D. The average \cost will decrease by 10%

Correct Answer

Correct Option:

The average \cost will increase by 20%

About This Question

This is Post Utme Nile University 2022 Economics Question 11. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.

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