Q154
The following table shows the various combinations of labour (L) and capital (K) and the resulting outputs Combination Output (units) 1L + 1K 200 2L + 2K 400 3L + 3K 600 4L + 4K 800 5L + 5K 1000 This table shows the
The following table shows the various combinations of labour (L) and capital (K) and the resulting outputs
This table shows the
| Combination | Output (units) |
| 1L + 1K | 200 |
| 2L + 2K | 400 |
| 3L + 3K | 600 |
| 4L + 4K | 800 |
| 5L + 5K | 1000 |
A.
Constant returns to scale
AnswerB.
Increasing returns to scale
C.
Diminishing returns to scale
D.
None of the above
Answer: Option A
Solution
Answer: Option A
No explanation is given for this question Let's Discuss on Board