Post Utme Uniosun 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2018 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNIOSUN • 2018 • ECONOMICS • objective

A firm's marginal revenue product curve is downward-sloping. What does this imply about the firm's production techno\logy?

Answer Options

A. The firm's production techno\logy is characterized by increa\sing returns to scale.
Correct Answer B. The firm's production techno\logy is characterized by decrea\sing returns to scale.
C. The firm's production techno\logy is characterized by cons\tant returns to scale.
D. The firm's production techno\logy is characterized by increa\sing marginal \costs.
Correct Answer
B
Correct Option:
The firm's production techno\logy is characterized by decrea\sing returns to scale.

About This Question

This is Post Utme Uniosun 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Uniosun Economics examination.

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