Post Utme Osustech 2022 Commerce Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Osustech Commerce examination.

Post Utme Osustech 2022 Commerce Objective / Multiple Choice
Question 33 POST_UTME_OSUSTECH • 2022 • COMMERCE • objective

A company's production function is a mathematical representation of the relationship between the inputs used to produce a good and the output produced. What is the shape of the production function?

Answer Options

A. A straight line
Correct Answer B. A curve that increases at a decreasing rate
C. A curve that increases at an increasing rate
D. A curve that remains constant
Correct Answer
B
Correct Option:
A curve that increases at a decreasing rate

About This Question

This is Post Utme Osustech 2022 Commerce Question 33. It is one of the objective questions from the 2022 Post Utme Osustech Commerce examination.

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