Scenario 7.3: Use the Production Function: Q = 4L^1/2K^1/2

Multiple Choice

Scenario 7.3:
Use the production function: Q = 4L^1/2K^1/2.
-The production function in Scenario 7.3 exhibits:

A) decreasing returns to scale.
B) constant returns to scale.
C) increasing returns to scale.
D) all of the above at various levels of output.