Post Utme Aaua 2021 Economics Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Aaua Economics examination.

Post Utme Aaua 2021 Economics Objective / Multiple Choice
Question 16 POST_UTME_AAUA • 2021 • ECONOMICS • objective

Determine the returns to scale for a firm that experiences a 20% increase in all inputs and a 25% increase in output.

Answer Options

A. Decrea\sing Returns to Scale
B. Increa\sing Returns to Scale
Correct Answer C. Cons\tant Returns to Scale
D. No Returns to Scale
Correct Answer
C
Correct Option:
Cons\tant Returns to Scale

About This Question

This is Post Utme Aaua 2021 Economics Question 16. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.

View More Post Utme Aaua 2021 Economics Questions More Post Utme Aaua Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support