Post Utme Esut 2018 Commerce Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Esut Commerce examination.

Post Utme Esut 2018 Commerce Objective / Multiple Choice

Question 24 POST_UTME_ESUT • 2018 • COMMERCE • objective

A company is considering the introduction of a new product. The product has a high fixed cost of production, but the variable cost per unit is low. Which of the following is a characteristic of the product?

A. Economies of scale

B. Diseconomies of scale

C. Constant returns to scale

Correct Answer D. Increasing returns to scale

Correct Answer

Correct Option:

Increasing returns to scale

This is Post Utme Esut 2018 Commerce Question 24. It is one of the objective questions from the 2018 Post Utme Esut Commerce examination.

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