Post Utme Uniosun 2023 Economics Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2023 Economics Objective / Multiple Choice
Question 11 POST_UTME_UNIOSUN • 2023 • ECONOMICS • objective

A firm is operating on the long-run average \cost curve. If the firm experiences a 20% increase in output, and the long-run average \cost curve shifts to the right, what is the likely effect on the firm's long-run average \cost?

Answer Options

A. The long-run average \cost will decrease
Correct Answer B. The long-run average \cost will increase
C. The long-run average \cost will remain unchanged
D. The long-run average \cost will decrease, but at a decrea\sing rate
Correct Answer
B
Correct Option:
The long-run average \cost will increase

About This Question

This is Post Utme Uniosun 2023 Economics Question 11. It is one of the objective questions from the 2023 Post Utme Uniosun Economics examination.

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