Post Utme Unilorin 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice
Question 25 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A firm's production function is characterized by increa\sing returns to scale when the marginal product of labor is

Answer Options

Correct Answer A. greater than the average product of labor
B. less than the average product of labor
C. equal to the average product of labor
D. not related to the average product of labor
Correct Answer
A
Correct Option:
greater than the average product of labor

About This Question

This is Post Utme Unilorin 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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