Post Utme Crawford University 2023 Economics Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2023 Economics Objective / Multiple Choice
Question 9 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ECONOMICS • objective

The concept of returns to scale in production theory implies that as the scale of production increases, the marginal product of labor also increases. What is the expected effect on the average product of labor?

Answer Options

Correct Answer A. Increase in average product of labor
B. Decrease in average product of labor
C. No change in average product of labor
D. Uncertainty in average product of labor
Correct Answer
A
Correct Option:
Increase in average product of labor

About This Question

This is Post Utme Crawford University 2023 Economics Question 9. It is one of the objective questions from the 2023 Post Utme Crawford University Economics examination.

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