Post Utme Summit University 2019 Economics Question 11
Practice objective / multiple choice question 11 from the 2019 Post Utme Summit University Economics examination.
A firm's production function exhibits increa\sing returns to scale. If the firm's output increases by 20% and its input increases by 15%, what is the percentage increase in its average product?
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About This Question
This is Post Utme Summit University 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Summit University Economics examination.
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