Post Utme Mountain Top University 2025 Economics Question 39

Practice objective / multiple choice question 39 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice
Question 39 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's production function exhibits increa\sing returns to scale. If the firm's current output is 100 units and the price of the input is ₦100 per unit, what is the minimum amount of additional input required to increase output by 20%?

Answer Options

A. 10 units
Correct Answer B. 20 units
C. 30 units
D. 40 units
Correct Answer
B
Correct Option:
20 units

About This Question

This is Post Utme Mountain Top University 2025 Economics Question 39. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

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