Post Utme Achievers University 2021 Economics Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2021 Economics Objective / Multiple Choice
Question 38 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. Which of the following is NOT a characteristic of the production function?

Answer Options

A. Increa\sing returns to scale
B. Decrea\sing returns to scale
Correct Answer C. Cons\tant returns to scale
D. Increa\sing marginal product of labor
Correct Answer
C
Correct Option:
Cons\tant returns to scale

About This Question

This is Post Utme Achievers University 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Achievers University Economics examination.

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