New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    The production function Q = 5L + 2K, where Q = output,

    L = labour, K = capital, indicates:
    A constant returns to scale Correct Answer Incorrect Answer
    B decreasing returns to scale Correct Answer Incorrect Answer
    C increasing returns to scale Correct Answer Incorrect Answer
    D first increasing and then decreasing returns to scale Correct Answer Incorrect Answer

    Solution

    The correct answer is A

    Practice Next