Post Utme Rhema University 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice

Question 13 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^2 + 5K, where Q is output, L is labor, and K is capital. Determine 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 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

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