Post Utme Rhema University 2017 Commerce Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2017 Commerce Objective / Multiple Choice
Question 33 POST_UTME_RHEMA_UNIVERSITY • 2017 • COMMERCE • objective

A firm's total cost is the sum of its fixed costs and its variable costs. Which of the following is a characteristic of a firm's total cost?

Answer Options

Correct Answer A. Increases as output increases
B. Decreases as output increases
C. Remains constant as output increases
D. Increases as output decreases
Correct Answer
A
Correct Option:
Increases as output increases

About This Question

This is Post Utme Rhema University 2017 Commerce Question 33. It is one of the objective questions from the 2017 Post Utme Rhema University Commerce examination.

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