Post Utme Rsu 2021 Economics Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Rsu Economics examination.

Post Utme Rsu 2021 Economics Objective / Multiple Choice
Question 6 POST_UTME_RSU • 2021 • ECONOMICS • objective

A firm's average total \cost curve is U-shaped. What does this imply about the firm's production techno\logy?

Answer Options

A. The firm's production techno\logy exhibits increa\sing returns to scale.
B. The firm's production techno\logy exhibits decrea\sing returns to scale.
Correct Answer C. The firm's production techno\logy exhibits cons\tant returns to scale.
D. The firm's production techno\logy exhibits increa\sing marginal \costs.
Correct Answer
C
Correct Option:
The firm's production techno\logy exhibits cons\tant returns to scale.

About This Question

This is Post Utme Rsu 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Rsu Economics examination.

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