Post Utme Lead City University 2021 Economics Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2021 Economics Objective / Multiple Choice

Question 1 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

Determine the returns to scale in the production function Q = 2K^0.5L^0.5, where Q is output, K is capital, and L is labor.

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

Correct Option:

Cons\tant Returns to Scale

About This Question

This is Post Utme Lead City University 2021 Economics Question 1. It is one of the objective questions from the 2021 Post Utme Lead City University Economics examination.

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