Post Utme Ui 2021 Economics Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Ui Economics examination.

Post Utme Ui 2021 Economics Objective / Multiple Choice

Question 16 POST_UTME_UI • 2021 • ECONOMICS • objective

A perfectly competitive firm's supply curve is upward-sloping because of the law of increa\sing \costs. Which of the following is NOT a reason for the law of increa\sing \costs?

A. Decrease in the firm's production level

B. Increase in the firm's fixed \costs

C. Increase in the firm's variable \costs

Correct Answer D. Increase in the firm's output level

Correct Answer

Correct Option:

Increase in the firm's output level

This is Post Utme Ui 2021 Economics Question 16. It is one of the objective questions from the 2021 Post Utme Ui Economics examination.

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