A characteristic of the linear production function is that

ECONOMICS
JAMB 2007

A characteristic of the linear production function is that

  • A. the percentage change in inputs change exceeds output
  • B. output and all inputs change by the same percentage
  • C. the percentage change in output is greater than one
  • D. the percentage change in output is less than one

Correct Answer: B. output and all inputs change by the same percentage



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