Post Utme Caleb University 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_CALEB_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current input levels are L = 25 and K = 16, find the returns to scale.

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
C
Correct Option:
Cons\tant Returns to Scale

About This Question

This is Post Utme Caleb University 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Caleb University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support