WAEC Economics 2025 Objective — Question 22

Question 22 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.

The curve labelled Z is

• A. average cost curve.
• B. marginal cost curve.
• C. average variable cost curve.
• D. average fixed cost curve.Correct

Explanation

In Figure 2, curve Z is identified as the average fixed cost curve, which continuously falls as output rises.

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