Post Utme Afe Babalola University 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2019 Economics Objective / Multiple Choice

Question 3 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

The production function is given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. What is the return to scale of this production function?

Answer Options

Correct Answer A. Increa\sing returns to scale

B. Decrea\sing returns to scale

C. Cons\tant returns to scale

D. Negative returns to scale

Correct Answer

Correct Option:

Increa\sing returns to scale

About This Question

This is Post Utme Afe Babalola University 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Economics examination.

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