Post Utme Crawford University 2024 Economics Question 1
Practice objective / multiple choice question 1 from the 2024 Post Utme Crawford University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's output increases by 20% with a 10% increase in labor and a 15% increase in capital, what is the return to scale?
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About This Question
This is Post Utme Crawford University 2024 Economics Question 1. It is one of the objective questions from the 2024 Post Utme Crawford University Economics examination.
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