Post Utme Unilag 2024 Economics Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 37 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

A firm's average total \cost (ATC) curve is U-shaped. What does this indicate about the firm's production?

Answer Options

A. The firm is producing at a minimum efficient scale.
Correct Answer B. The firm is producing at a maximum efficient scale.
C. The firm is producing at a suboptimal scale.
D. The firm is producing at a superoptimal scale.
Correct Answer
B
Correct Option:
The firm is producing at a maximum efficient scale.

About This Question

This is Post Utme Unilag 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

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