Post Utme Noun 2021 Economics Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Noun Economics examination.

Post Utme Noun 2021 Economics Objective / Multiple Choice
Question 12 POST_UTME_NOUN • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \). What is the return to scale of the firm?

Answer Options

Correct Answer A. Increa\sing returns to scale
B. Decrea\sing returns to scale
C. Cons\tant returns to scale
D. No returns to scale
Correct Answer
A
Correct Option:
Increa\sing returns to scale

About This Question

This is Post Utme Noun 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Noun Economics examination.

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