Post Utme Unilag 2021 Economics Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Unilag Economics examination.

Post Utme Unilag 2021 Economics Objective / Multiple Choice
Question 5 POST_UTME_UNILAG • 2021 • ECONOMICS • objective
Post Utme Unilag 2021 Economics Question 5 diagram

The following diagram shows the \cost and revenue curves of a firm.

Answer Options

A. The firm is operating in the short run.
Correct Answer B. The firm is operating in the long run.
C. The firm is experiencing increa\sing returns to scale.
D. The firm is experiencing decrea\sing returns to scale.
Correct Answer
B
Correct Option:
The firm is operating in the long run.

About This Question

This is Post Utme Unilag 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Unilag Economics examination.

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