Post Utme Skyline University 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ECONOMICS • objective
Post Utme Skyline University 2023 Economics Question 5 diagram

A diagram shows a firm's average \cost curve and marginal \cost curve. If the firm's output is 20 units, what is the likely outcome?

Answer Options

A. Price increases and quantity decreases
B. Price decreases and quantity increases
Correct Answer C. Price remains the same and quantity increases
D. Price increases and quantity increases
Correct Answer
C
Correct Option:
Price remains the same and quantity increases

About This Question

This is Post Utme Skyline University 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Skyline University Economics examination.

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