Multiple Choice
The production function given by Q = 10(0.7K2 + 0.3L2) 0.5 has _____ returns to scale.
A) constant
B) instant
C) increasing
D) decreasing
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q38: A company has the production function Q
Q39: Suppose that a hot dog vendor uses
Q40: (Figure: Production Function II) Which of the
Q41: The production function for laser eye surgery
Q42: Suppose that a firm's production function is
Q44: A basic assumption of the short run
Q45: Suppose that a hot dog vendor uses
Q46: Suppose the production function for a bakery
Q47: A basic assumption of the long run
Q48: In the short run, the marginal product