Post Utme Covenant University 2017 Commerce Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2017 Commerce Objective / Multiple Choice
Question 34 POST_UTME_COVENANT_UNIVERSITY • 2017 • COMMERCE • objective

A company's production function is characterized by increasing returns to scale. What is the name of this production technology?

Answer Options

A. Constant Returns to Scale
Correct Answer B. Increasing Returns to Scale
C. Decreasing Returns to Scale
D. Non-Linear Returns to Scale
Correct Answer
B
Correct Option:
Increasing Returns to Scale

About This Question

This is Post Utme Covenant University 2017 Commerce Question 34. It is one of the objective questions from the 2017 Post Utme Covenant University Commerce examination.

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