Post Utme Lasu 2021 Economics Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Lasu Economics examination.

Post Utme Lasu 2021 Economics Objective / Multiple Choice
Question 1 POST_UTME_LASU • 2021 • ECONOMICS • objective

A firm is operating under cons\tant returns to scale. If it increases its inputs by 10%, what will happen to its output?

Answer Options

A. Output will increase by 10%
B. Output will increase by 20%
Correct Answer C. Output will remain the same
D. Output will decrease by 10%
Correct Answer
C
Correct Option:
Output will remain the same

About This Question

This is Post Utme Lasu 2021 Economics Question 1. It is one of the objective questions from the 2021 Post Utme Lasu Economics examination.

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