Post Utme Unilorin 2025 Economics Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2025 Economics Objective / Multiple Choice
Question 26 POST_UTME_UNILORIN • 2025 • ECONOMICS • objective

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

Answer Options

A. The firm's production techno\logy exhibits decrea\sing returns to scale.
B. The firm's production techno\logy exhibits increa\sing returns to scale.
Correct Answer C. The firm's production techno\logy exhibits cons\tant returns to scale.
D. The firm's production techno\logy exhibits negative returns to scale.
Correct Answer
C
Correct Option:
The firm's production techno\logy exhibits cons\tant returns to scale.

About This Question

This is Post Utme Unilorin 2025 Economics Question 26. It is one of the objective questions from the 2025 Post Utme Unilorin Economics examination.

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