Post Utme Greenfield University 2018 Economics Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2018 Economics Objective / Multiple Choice

Question 1 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ECONOMICS • objective

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

Answer Options

A. Decrea\sing Returns to Scale

B. Increa\sing Returns to Scale

Correct Answer C. Cons\tant Returns to Scale

D. No Returns to Scale

Correct Answer

Correct Option:

Cons\tant Returns to Scale

About This Question

This is Post Utme Greenfield University 2018 Economics Question 1. It is one of the objective questions from the 2018 Post Utme Greenfield University Economics examination.

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