Utme 2019 Economics Question 9

Practice objective / multiple choice question 9 from the 2019 Utme Economics examination. This question covers Economics .

Utme 2019 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 9 UTME • 2019 • ECONOMICS • objective

A characteristic of the average fixed cost is that it

Answer Options

A. rises and falls faster than the marginal cost
B. U-shaped and intersects the average variable cost
Correct Answer C. falls continuously but is never equal to zero
D. is always higher than the average variable cost
Correct Answer
C
Correct Option:
falls continuously but is never equal to zero

About This Question

This is Utme 2019 Economics Question 9. It is one of the objective questions from the 2019 Utme Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Utme 2019 Economics Questions More Utme Practice Questions Back to Questions

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