Post Utme Unilag 2021 Economics Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Unilag Economics examination.

Post Utme Unilag 2021 Economics Objective / Multiple Choice

Question 2 POST_UTME_UNILAG • 2021 • ECONOMICS • objective

The production function is given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. What is the returns to scale of the production function?

Answer Options

Correct Answer A. Increa\sing returns to scale

B. Decrea\sing returns to scale

C. Cons\tant returns to scale

D. Negative returns to scale

Correct Answer

Correct Option:

Increa\sing returns to scale

About This Question

This is Post Utme Unilag 2021 Economics Question 2. It is one of the objective questions from the 2021 Post Utme Unilag Economics examination.

View More Post Utme Unilag 2021 Economics Questions More Post Utme Unilag Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support