Post Utme Afe Babalola University 2021 Economics Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice

Question 11 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

Determine the returns to scale for a firm with a production function Q = 2L^2K, where Q is output, L is labor, and K is capital.

Answer Options

A. Increa\sing Returns to Scale

B. Decrea\sing Returns to Scale

Correct Answer C. Cons\tant Returns to Scale

D. No Returns to Scale

Correct Answer

Correct Option:

Cons\tant Returns to Scale

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 11. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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