Post Utme Caleb University 2017 Economics Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2017 Economics Objective / Multiple Choice
Question 16 POST_UTME_CALEB_UNIVERSITY • 2017 • ECONOMICS • objective

A firm is operating under cons\tant returns to scale. If it increases its output by 10%, what will be the percentage change in its total \cost?

Answer Options

A. 10%
B. 5%
Correct Answer C. 0%
D. 15%
Correct Answer
C
Correct Option:
0%

About This Question

This is Post Utme Caleb University 2017 Economics Question 16. It is one of the objective questions from the 2017 Post Utme Caleb University Economics examination.

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