Post Utme Rhema University 2019 Economics Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice

Question 21 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

Determine the returns to scale for a firm that experiences a 20% increase in all inputs, resulting in a 25% increase in output.

Answer Options

A. Increa\sing Returns to Scale

B. Decrea\sing Returns to Scale

Correct Answer C. Cons\tant Returns to Scale

D. No Returns to Scale

Correct Answer

Correct Option:

Cons\tant Returns to Scale

About This Question

This is Post Utme Rhema University 2019 Economics Question 21. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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