Post Utme Unilag 2025 Economics Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Unilag Economics examination.

Post Utme Unilag 2025 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNILAG • 2025 • ECONOMICS • objective

A firm is operating in the long run, and its average \cost (AC) curve is U-shaped. What is the relationship between the firm's output and its average \cost?

Answer Options

A. AC decreases as output increases
Correct Answer B. AC increases as output increases
C. AC remains cons\tant as output increases
D. AC decreases as output decreases
Correct Answer
B
Correct Option:
AC increases as output increases

About This Question

This is Post Utme Unilag 2025 Economics Question 23. It is one of the objective questions from the 2025 Post Utme Unilag Economics examination.

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