The Production Function $Q ( L , K , M ) = 25 K ^ { 0.5 } L ^ { 0.5 } M ^ { 0 .5 }$

question 49

Multiple Choice

The production function $Q ( L , K , M ) = 25 K ^ { 0.5 } L ^ { 0.5 } M ^ { 0 .5 }$ exhibits

• A) decreasing returns to scale.
• B) constant returns to scale.
• C) increasing returns to scale.
• D) either decreasing or constant returns to scale, but more information is needed to determine which one.

---

Definitions:

Celebration Of Life

A gathering or service held to honor and remember the life of a deceased individual, focusing on positive memories and achievements.

Restaurant Name

The unique name or identity given to a place where food and drinks are sold and consumed.

Glass

A hard, brittle substance typically transparent or translucent, made by fusing sand with soda, lime, and sometimes other ingredients and cooling it quickly.

Conscious Decision

A choice or resolution made with full awareness and intention, involving deliberate thought and consideration.