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If a firm doubles its output and its cost increase by 60%, the firm is...

Economics
JAMB 1980
If a firm doubles its output and its cost increase by 60%, the firm is experiencing
  • A. increase cost
  • B. economies of scale
  • C. decreasing returns
  • D. decreasing cost
  • E. none of the above
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Correct Answer: Option B
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent