Post Utme Caleb University 2023 Economics Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2023 Economics Objective / Multiple Choice

Question 27 POST_UTME_CALEB_UNIVERSITY • 2023 • ECONOMICS • objective

A firm is producing a good with a cons\tant returns to scale production function. If the price of the good increases by 10%, what would be the effect on the firm's output?

Answer Options

A. The output would increase by 10%.

B. The output would decrease by 10%.

Correct Answer C. The output would remain unchanged.

D. The output would increase by 20%.

Correct Answer

Correct Option:

The output would remain unchanged.

About This Question

This is Post Utme Caleb University 2023 Economics Question 27. It is one of the objective questions from the 2023 Post Utme Caleb University Economics examination.

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