Post Utme Unilorin 2021 Economics Question 1
Practice objective / multiple choice question 1 from the 2021 Post Utme Unilorin Economics examination.
Consider a production function given by \( Q = 100K^{\frac{1}{3}}L^{\frac{2}{3}} \), where Q is output, K is capital, and L is labor. Determine the returns to scale of this production function.
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About This Question
This is Post Utme Unilorin 2021 Economics Question 1. It is one of the objective questions from the 2021 Post Utme Unilorin Economics examination.
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