Q1225
Match the following. List-I (Production functions) List-II (Name of the shapes of returns to scale) a. Q = 10.2K0.19 L0.88 1. Constant returns to scale b. Q = 1.01L0.75 K0.25 2. Diminishing returns to scale c. Q = 0.84L0.63 K0.3 3. Increasing returns to scale
Match the following.
| List-I (Production functions) | List-II (Name of the shapes of returns to scale) |
| a. Q = 10.2K0.19 L0.88 | 1. Constant returns to scale |
| b. Q = 1.01L0.75 K0.25 | 2. Diminishing returns to scale |
| c. Q = 0.84L0.63 K0.3 | 3. Increasing returns to scale |
A.
a-1, b-2, c-3
B.
a-2, b-1, c-3
AnswerC.
a-2, b-3, c-1
D.
a-1, b-3, c-2
Answer: Option B
Solution
Answer: Option B
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