The Production Function Q = 50ks1u1p10.25s1s1p0ls1u1p10.75s1s1p0 Exhibits

Question 46
Multiple Choice

The production function Q = 50K0.25L0.75 exhibits A) increasing returns to scale. B) decreasing returns to scale. C) constant returns to scale. D) increasing, then diminishing returns to scale. E) negative returns to scale.