Post Utme Pan Atlantic University 2018 Economics Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2018 Economics Objective / Multiple Choice

Question 13 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 3L^0.5K^0.5. If the price of labor (L) is ₦150 per unit and the price of capital (K) is ₦300 per unit, calculate the returns to scale.

Answer Options

Correct Answer A. Increa\sing

B. Decrea\sing

C. Cons\tant

D. Variable

Correct Answer

Correct Option:

Increa\sing

About This Question

This is Post Utme Pan Atlantic University 2018 Economics Question 13. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Economics examination.

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