Post Utme Esut 2018 Economics Question 6
Practice objective / multiple choice question 6 from the 2018 Post Utme Esut Economics examination.
The government of Nigeria has implemented a policy to increase the production of rice in the country. Assuming that the production function for rice is given by Q = 100L^0.5K^0.5, where Q is the quantity of rice produced, L is the labor input, and K is the capital input, what is the value of the returns to scale?
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About This Question
This is Post Utme Esut 2018 Economics Question 6. It is one of the objective questions from the 2018 Post Utme Esut Economics examination.
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