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As the level of output increases, the average fixed cost of a firm will

Economics
JAMB 2009
As the level of output increases, the average fixed cost of a firm will
  • A. continue to decrease
  • B. remain unchanged
  • C. continue to increase
  • D. be equal to the total cost
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Correct Answer: Option A
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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