Post Utme Rhema University 2019 Economics Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice

Question 11 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

Calculate the returns to scale for a firm that experiences an increase in output from 100 units to 225 units when the input of labor increases from 5 workers to 9 workers.

Answer Options

Correct Answer A. Increa\sing Returns to Scale

B. Decrea\sing Returns to Scale

C. Cons\tant Returns to Scale

D. No Returns to Scale

Correct Answer

Correct Option:

Increa\sing Returns to Scale

About This Question

This is Post Utme Rhema University 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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