Post Utme Bowen University 2019 Economics Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2019 Economics Objective / Multiple Choice

Question 12 POST_UTME_BOWEN_UNIVERSITY • 2019 • ECONOMICS • objective

Consider a production function f(x) = x^2, where x is the input. If the marginal product of labor is 2x, what is the return to scale of the production function?

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 Bowen University 2019 Economics Question 12. It is one of the objective questions from the 2019 Post Utme Bowen University Economics examination.

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