Post Utme Bells University 2024 Economics Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Bells University Economics examination.

Post Utme Bells University 2024 Economics Objective / Multiple Choice

Question 1 POST_UTME_BELLS_UNIVERSITY • 2024 • ECONOMICS • objective

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

Answer Options

A. Decrea\sing Returns to Scale

Correct Answer B. Increa\sing Returns to Scale

C. Cons\tant Returns to Scale

D. No Returns to Scale

Correct Answer

Correct Option:

Increa\sing Returns to Scale

About This Question

This is Post Utme Bells University 2024 Economics Question 1. It is one of the objective questions from the 2024 Post Utme Bells University Economics examination.

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