Post Utme Caleb University 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2018 Economics Objective / Multiple Choice

Question 12 POST_UTME_CALEB_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. What is the return to scale of this 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 Caleb University 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Caleb University Economics examination.

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