Question 17

when a firm is enjoying internal economies of scale, its?

  • A.total cost of production is increasing
  • B.average fixed cost is rising continuously
  • C.average cost of production decreases as output increases
  • D.average revenue and marginal revenue are decreasing
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2017
Question no.
#17
Type
Objective

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