June 2015

1:

Match the production functions List - I with the return to scale List - II.

List – I
(Production function)

List – II

(Return to scale)

(a) Q = 10 K0.5L0.4E0.15M0.1

(i) increasing

(b) Q = 12 K0.5L0.5

(ii) constant

(c) Q = 100 K + 15 L

(iii) decreasing

(d) Q = 40 K0.3L0.5

 

 

A.

(ii) (ii) (i) (i)

B.

(i) (i) (ii) (ii)

C.

(ii) (i) (i) (iii)

D.

(i) (ii) (ii) (iii)

 

Answer : D

Explanation :

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Option: A

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