Post Utme Lead City University 2020 Economics Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2020 Economics Objective / Multiple Choice

Question 14 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's production function is characterized by cons\tant returns to scale when the output increases proportionally with the input

Answer Options

Correct Answer A. true

B. false

C. only when the production function is linear

D. only when the production function is quadratic

Correct Answer

Correct Option:

true

About This Question

This is Post Utme Lead City University 2020 Economics Question 14. It is one of the objective questions from the 2020 Post Utme Lead City University Economics examination.

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