Post Utme Delsu 2023 Economics Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Delsu Economics examination.

Post Utme Delsu 2023 Economics Objective / Multiple Choice
Question 1 POST_UTME_DELSU • 2023 • ECONOMICS • objective

A firm is operating under cons\tant returns to scale. If it increases its output by 20%, what will be the percentage change in its total \cost?

Answer Options

Correct Answer A. 10%
B. 20%
C. 30%
D. 40%
Correct Answer
A
Correct Option:
10%

About This Question

This is Post Utme Delsu 2023 Economics Question 1. It is one of the objective questions from the 2023 Post Utme Delsu Economics examination.

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