Post Utme Achievers University 2025 Economics Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2025 Economics Objective / Multiple Choice
Question 24 POST_UTME_ACHIEVERS_UNIVERSITY • 2025 • ECONOMICS • objective

The returns to scale in a production function can be classified into three types: increa\sing, decrea\sing, and cons\tant. Which of the following production functions exhibits cons\tant returns to scale?

Answer Options

Correct Answer A. Q = 2K^2L^2
B. Q = 2K^2L
C. Q = 2KL^2
D. Q = 2K^2L^2 + 3KL^2
Correct Answer
A
Correct Option:
Q = 2K^2L^2

About This Question

This is Post Utme Achievers University 2025 Economics Question 24. It is one of the objective questions from the 2025 Post Utme Achievers University Economics examination.

View More Post Utme Achievers University 2025 Economics Questions More Post Utme Achievers University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support