Post Utme Delsu 2019 Economics Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Delsu Economics examination.

Post Utme Delsu 2019 Economics Objective / Multiple Choice

Question 19 POST_UTME_DELSU • 2019 • ECONOMICS • objective

The concept of returns to scale is a fundamental principle in production theory. Which of the following statements best describes the concept of returns to scale?

Correct Answer A. The change in output resulting from a proportionate change in all inputs

B. The change in output resulting from a change in one input

C. The change in output resulting from a change in the price of one input

D. The change in output resulting from a change in the price of all inputs

Correct Answer

Correct Option:

The change in output resulting from a proportionate change in all inputs

This is Post Utme Delsu 2019 Economics Question 19. It is one of the objective questions from the 2019 Post Utme Delsu Economics examination.

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