Post Utme Noun 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Noun Economics examination.

Post Utme Noun 2022 Economics Objective / Multiple Choice
Question 32 POST_UTME_NOUN • 2022 • ECONOMICS • objective

A firm is producing a good with a cons\tant returns to scale production function. If the firm increases its production by 10%, what is the percentage change in its total \cost?

Answer Options

A. -10%
Correct Answer B. 0%
C. 10%
D. 20%
Correct Answer
B
Correct Option:
0%

About This Question

This is Post Utme Noun 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Noun Economics examination.

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