Post Utme Skyline University 2017 Economics Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2017 Economics Objective / Multiple Choice
Question 20 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ECONOMICS • objective

A firm is producing a good u\sing a production function with cons\tant returns to scale. If the firm increases its inputs by 20%, what will be the percentage change in output?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Skyline University 2017 Economics Question 20. It is one of the objective questions from the 2017 Post Utme Skyline University Economics examination.

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