Post Utme Babcock University 2023 Economics Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2023 Economics Objective / Multiple Choice

Question 28 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is 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. Returns to scale dep\end on other factors

Correct Answer

Correct Option:

Increa\sing returns to scale

About This Question

This is Post Utme Babcock University 2023 Economics Question 28. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.

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