Post Utme Uniben 2024 Economics Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 11 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

A country's economic growth is influenced by its human capital, natural resources, and techno\logical advancements. However, the relationship between these factors is complex and often non-linear. U\sing the concept of returns to scale, explain how an increase in human capital can lead to a decrease in the marginal product of labor.

Answer Options

A. The production function exhibits increa\sing returns to scale.
Correct Answer B. The marginal product of labor decreases as human capital increases.
C. The production function exhibits cons\tant returns to scale.
D. The marginal product of labor increases as human capital increases.
Correct Answer
B
Correct Option:
The marginal product of labor decreases as human capital increases.

About This Question

This is Post Utme Uniben 2024 Economics Question 11. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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