NECO Economics 2022 Objective — Question 17
Question 17 of 50 from the National Examinations Council (NECO) Economics 2022 Objective paper, with the correct answer and a full explanation.
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Which of the following factors is not a cause of diminishing returns?
- A. increase in variable inputs
- B. land fragmentation
- C. constant technology
- D. technological innovationsCorrect
Explanation
The law of diminishing returns (law of variable proportion) operates in the short run under constant technology; technological innovation is not a cause of diminishing returns.
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