Post Utme Caleb University 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2022 Economics Objective / Multiple Choice

Question 32 POST_UTME_CALEB_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. What is the returns 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 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Caleb University Economics examination.

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