Post Utme Crawford University 2019 Economics Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2019 Economics Objective / Multiple Choice
Question 34 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is producing a good with a cons\tant returns to scale production function. If the firm increases the number of workers by 10%, what will happen to the total product?

Answer Options

A. Total product will increase by 10%.
B. Total product will increase by 20%.
C. Total product will increase by 30%.
Correct Answer D. Total product will remain the same.
Correct Answer
D
Correct Option:
Total product will remain the same.

About This Question

This is Post Utme Crawford University 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Crawford University Economics examination.

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