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Question Practice

In a production function Q = L^2 + K, what happens when L increases?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Production And Costs
Question Bank

In a production function Q = L...

Single Answer MCQ
Q-00089404

In a production function Q = L^2 + K, what happens when L increases?

1

Only K affects the output

2

Output decreases

3

Output always increases at an increasing rate

4

Output increases, but not necessarily at an increasing rate

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Q1.

What does the production function describe?

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Q2.

If a production function exhibits constant returns to scale, which of the following is true?

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Q3.

Which production function exhibits increasing returns to scale?

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Q4.

What is the marginal product of labor (MPL)?

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