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    Microeconomics Study Set 16
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    Exam 6: Inputs and Production Functions
  5. Question
    The Production Function\(Q = K L\) Exhibits A) Increasing Returns to Scale
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The Production Function Q=KLQ = K LQ=KL Exhibits
A) Increasing Returns to Scale

Question 3

Question 3

Multiple Choice

The production function Q=KLQ = K LQ=KL exhibits


A) increasing returns to scale.
B) constant returns to scale.
C) decreasing returns to scale.
D) undefined returns to scale.

Correct Answer:

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