WAEC Economics 2025 Objective — Question 23

Question 23 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.

The equilibrium output level is at output

• A. Q.Correct
• B. R.
• C. S.
• D. T.

Explanation

Equilibrium in Figure 2 occurs where the marginal cost curve intersects the average cost curve, at point Q.

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