Post Utme Uniosun 2019 Economics Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2019 Economics Objective / Multiple Choice

Question 31 POST_UTME_UNIOSUN • 2019 • ECONOMICS • objective

A firm's average total \cost curve is U-shaped, while its marginal \cost curve is initially downward sloping and then upward sloping. What is the likely cause of this phenomenon?

Answer Options

A. Increa\sing returns to scale

Correct Answer B. Decrea\sing returns to scale

C. Cons\tant returns to scale

D. Economies of scale

Correct Answer

Correct Option:

Decrea\sing returns to scale

About This Question

This is Post Utme Uniosun 2019 Economics Question 31. It is one of the objective questions from the 2019 Post Utme Uniosun Economics examination.

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