Post Utme Ui 2025 Economics Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Ui Economics examination.

Post Utme Ui 2025 Economics Objective / Multiple Choice
Question 1 POST_UTME_UI • 2025 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market. If the firm's average \cost curve intersects the demand curve at a point where the firm is producing at the minimum of the average variable \cost curve, what is the likely outcome for the firm's profit?

Answer Options

A. The firm will experience a loss.
B. The firm will break even.
Correct Answer C. The firm will earn a normal profit.
D. The firm will earn an economic profit.
Correct Answer
C
Correct Option:
The firm will earn a normal profit.

About This Question

This is Post Utme Ui 2025 Economics Question 1. It is one of the objective questions from the 2025 Post Utme Ui Economics examination.

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