Post Utme Covenant University 2017 Economics Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice
Question 30 POST_UTME_COVENANT_UNIVERSITY • 2017 • ECONOMICS • objective

A firm has a production function given by \( Y = 2L^2 + 10L \) and a labor supply function given by \( L = 5 + 2W \). 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 Covenant University 2017 Economics Question 30. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.

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