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  4. JAMB 1999
  5. Which of the followi...

Which of the following falls continuously as output expands?

Economics
JAMB 1999
Which of the following falls continuously as output expands?
  • A. Average fixed cost
  • B. Marginal cost
  • C. Average variable cost
  • D. Average cost
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts