Post Utme Rsu 2024 Economics Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Rsu Economics examination.

Post Utme Rsu 2024 Economics Objective / Multiple Choice

Question 14 POST_UTME_RSU • 2024 • ECONOMICS • objective

A firm is considering two production techno\logies: one that requires 10 units of labor and produces 20 units of output, and another that requires 20 units of labor and produces 40 units of output. Determine the returns to scale for the firm.

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

This is Post Utme Rsu 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Rsu Economics examination.

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