Post Utme Ims U 2020 Economics Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Ims U Economics examination.

Post Utme Ims U 2020 Economics Objective / Multiple Choice
Question 33 POST_UTME_IMS_U • 2020 • ECONOMICS • objective

Agricultural production in Nigeria is characterized by a high degree of returns to scale. What is the implication of this for the country's agricultural sector?

Answer Options

A. The production function becomes more inelastic.
B. The production function becomes more elastic.
Correct Answer C. The production function becomes more sensitive to changes in inputs.
D. The production function becomes less sensitive to changes in inputs.
Correct Answer
C
Correct Option:
The production function becomes more sensitive to changes in inputs.

About This Question

This is Post Utme Ims U 2020 Economics Question 33. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.

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