Post Utme Eksu 2017 Economics Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Eksu Economics examination.

Post Utme Eksu 2017 Economics Objective / Multiple Choice
Question 21 POST_UTME_EKSU • 2017 • ECONOMICS • objective

Determine the returns to scale for a firm that experiences a 20% increase in all inputs and a 25% increase in output.

Answer Options

A. Increa\sing Returns to Scale
B. Decrea\sing Returns to Scale
Correct Answer C. Cons\tant Returns to Scale
D. No Returns to Scale
Correct Answer
C
Correct Option:
Cons\tant Returns to Scale

About This Question

This is Post Utme Eksu 2017 Economics Question 21. It is one of the objective questions from the 2017 Post Utme Eksu Economics examination.

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