Ulearngo is an independent study app. It is not affiliated with, endorsed by, or representing Joint Admissions and Matriculation Board (JAMB). Always confirm official exam, admission, registration, syllabus, timetable, and result information from JAMB official website.

EconomicsJAMB UTME2020

Options:

A.
B.
C.
D.
Sign in to view the correct answer and detailed explanation.

Study with fewer interruptions on Android

Use Ulearngo on a verified device for smoother past-question study.

Get Ulearngo on Google Play

Earlier discussion

1 older comment kept for context.

Blessing Bassey

Increasing returns mean lower costs per unit just as diminishing returns mean higher costs. Thus, the law of increasing return signifies that cost per unit of the marginal or additional output falls with the expansion of an industry.