Post Utme Uniben 2017 Economics Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Uniben Economics examination.

Post Utme Uniben 2017 Economics Objective / Multiple Choice
Question 4 POST_UTME_UNIBEN • 2017 • ECONOMICS • objective

A firm has a production function Q = 3L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. Determine the returns to scale for the firm.

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
C
Correct Option:
Cons\tant returns to scale

About This Question

This is Post Utme Uniben 2017 Economics Question 4. It is one of the objective questions from the 2017 Post Utme Uniben Economics examination.

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