Post Utme Summit University 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Summit University Economics examination.

Post Utme Summit University 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ECONOMICS • objective

A country's agricultural sector is characterized by a production function Q = 100L^0.5K^0.5, where L is labor and K is capital. What is 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. Negative returns to scale
Correct Answer
C
Correct Option:
Cons\tant returns to scale

About This Question

This is Post Utme Summit University 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Summit University Economics examination.

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