Question 13

The shape of the average cost (AC) shows that as production increases

  • A.total cost decreases
  • B.average cost decreases and then increases
  • C.average cost increaeses
  • D.marginal cost steadily increase
  • E.total cost remains constant
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1998
Question no.
#13
Type
Objective

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