Post Utme Joseph Ayo Babalola University 2023 Economics Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2023 Economics Objective / Multiple Choice
Question 15 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's production function is given by \( Q = 2K^{0.5}L^{0.5} \). What is the return to scale when K = 4 and L = 4?

Answer Options

A. Increa\sing returns to scale
B. Decrea\sing returns to scale
Correct Answer C. Cons\tant returns to scale
D. Negative returns to scale
Correct Answer
C
Correct Option:
Cons\tant returns to scale

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Economics examination.

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