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A situation in which all inputs are doubled and output also doubles is known as?

Economics
JAMB 1990
A situation in which all inputs are doubled and output also doubles is known as?
  • A. constant proportions
  • B. constant returns
  • C. increasing returns to scale
  • D. constant returns to scale
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now