Post Utme Eksu 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Eksu Economics examination.

Post Utme Eksu 2024 Economics Objective / Multiple Choice

Question 34 POST_UTME_EKSU • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. What is the return to scale?

Correct Answer A. Increa\sing returns to scale

B. Decrea\sing returns to scale

C. Cons\tant returns to scale

D. Negative returns to scale

Correct Answer

Correct Option:

Increa\sing returns to scale

This is Post Utme Eksu 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Eksu Economics examination.

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