Economics · Production Theory
Match List-I (Returns to Scale condition) with List-II (Example Production Function / Feature): Testbook List-I A. Constant Returns to Scale (CRS) B. Increasing Returns to Scale (IRS) C. Decreasing Returns to Scale (DRS) D. Variable Returns to Scale List-II I. Q = K0.4 · L0.4 II. Q = K0.5 · L0.7 III. Q = K0.5 · L0.5 IV. Q = K + L (linear, with α + β = 1) Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-II, B-III, C-IV, D-I
- 2A-III, B-I, C-II, D-IV
- 3A-IV, B-II, C-I, D-III
- 4A-III, B-II, C-I, D-IV✓
Correct answer
A-III, B-II, C-I, D-IV
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