Question 19
May exhibit constant returns to scale
Shows Increasing returns to scale if p + q = 1
Has constant marginal product of labour
Has constant marginal product of capital
May exhibit constant returns to scale
Shows Increasing returns to scale if p + q = 1
Has constant marginal product of labour
Has constant marginal product of capital
Correct answer
May exhibit constant returns to scale
Question 19 of 21 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 23 Feb 2025, in the January 2025 term (IIT M DEGREE AN EXAM QDB2 23 Feb 2025). It carries 1 mark.