Utme 2017 Economics Question 15

Practice objective / multiple choice question 15 from the 2017 Utme Economics examination. This question covers Cost Analysis .

Utme 2017 Economics Objective / Multiple Choice 2 Difficulty
Topic: Cost Analysis
Question 15 UTME • 2017 • ECONOMICS • objective

The type of cost which has to be covered to earn from continued production in the short-run is the

Answer Options

A. fixed cost
B. social cost
Correct Answer C. average variable cost
D. marginal cost
Correct Answer
C
Correct Option:
average variable cost

About This Question

This is Utme 2017 Economics Question 15. It is one of the objective questions from the 2017 Utme Economics examination.

The question covers Cost Analysis .

Difficulty level: 2 .

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