Post Utme Rhema University 2019 Economics Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice

Question 36 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is producing a good u\sing a production function given by \( Q = 2L^2 + 3K \). The firm's \cost function is given by \( C = 10L + 20K \). Find the returns to scale.

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 Rhema University 2019 Economics Question 36. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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