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Managerial Economics · Quiz 1 · 25 Feb 2024 · January 2024 term

Managerial Economics Quiz 1 25 Feb 2024 — Question 1

Question 1

+1 markOne correct option

The Cobb-Douglas production function F(K, L)=K^(p)L^(q)

  1. A

    Shows only constant returns to scale

  2. B

    Shows Increasing, decreasing or constant returns to scale based on the value of p+q

  3. C

    Has constant marginal product of labour

  4. D

    Has constant marginal product of capital

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Correct answer

  • B

    Shows Increasing, decreasing or constant returns to scale based on the value of p+q

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Question 1 of 19 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 25 Feb 2024, in the January 2024 term (IIT M DEGREE AN2 EXAM QDB2 25 Feb 2024). It carries 1 mark.

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