Post Utme Joseph Ayo Babalola University 2018 Economics Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2018 Economics Objective / Multiple Choice
Question 25 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

The concept of returns to scale in production theory implies that as the input factors increase, the output will increase at a rate of:

Answer Options

A. cons\tant
Correct Answer B. increa\sing
C. decrea\sing
D. neutral
Correct Answer
B
Correct Option:
increa\sing

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Economics Question 25. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

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