JAMB Economics 2020 Objective — Question 22

Question 22 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.

An isoquant lying above and to the right of another represents

A. a higher output levelCorrect
B. constant returns to scale
C. over-capacity utilization
D. a lower output level

Explanation

An isoquant lying further from the origin (above and to the right) represents a higher attainable output level.

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