Post Utme Mountain Top University 2025 Economics Question 35

Practice objective / multiple choice question 35 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice

Question 35 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

A firm in Nigeria produces a good u\sing two inputs: labor and capital. Which of the following is a characteristic of the production function?

Answer Options

Correct Answer A. The production function is homogeneous of degree 1

B. The production function is homogeneous of degree 2

C. The production function is homogeneous of degree 3

D. The production function is not homogeneous

Correct Answer

Correct Option:

The production function is homogeneous of degree 1

About This Question

This is Post Utme Mountain Top University 2025 Economics Question 35. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

View More Post Utme Mountain Top University 2025 Economics Questions More Post Utme Mountain Top University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support