Post Utme Noun 2023 Economics Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice
Question 31 POST_UTME_NOUN • 2023 • ECONOMICS • objective

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

Answer Options

A. The long-run average \cost curve will shift to the left.
B. The long-run average \cost curve will shift to the right.
Correct Answer C. The long-run average \cost curve will remain unchanged.
D. The long-run average \cost curve will shift downwards.
Correct Answer
C
Correct Option:
The long-run average \cost curve will remain unchanged.

About This Question

This is Post Utme Noun 2023 Economics Question 31. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

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