The returns to scale of the production function Q = 50 L0.4 K0.2 are
A) 50.
B) .6.
C) .8.
D) 500.6.
Answer: .6.
The returns to scale of the production function Q = 50 L0.4 K0.2 are
A) 50.
B) .6.
C) .8.
D) 500.6.
Answer: .6.
Economics MCQ
Microeconomic Theory Chapter 6
The returns to scale of the production function Q = 50 L0.4 K0.2 are