Post Utme Wellspring University 2020 Economics Question 21
Practice objective / multiple choice question 21 from the 2020 Post Utme Wellspring University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's output increases by 10% due to a 5% increase in labor and a 3% increase in capital, what is the return to scale of the firm?
Answer Options
About This Question
This is Post Utme Wellspring University 2020 Economics Question 21. It is one of the objective questions from the 2020 Post Utme Wellspring University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.