Post Utme Afe Babalola University 2020 Economics Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2020 Economics Objective / Multiple Choice

Question 30 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \). What is the firm's returns to scale?

Answer Options

Correct Answer A. Increa\sing returns to scale

B. Decrea\sing returns to scale

C. Cons\tant returns to scale

D. No returns to scale

Correct Answer

Correct Option:

Increa\sing returns to scale

About This Question

This is Post Utme Afe Babalola University 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Economics examination.

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