The given the Cobb-Douglas production function Q = L^2/3K^1/3, which of the following is correct about this production function? A. The firm produces Q amount of output using L and K inputs only. B. The given production function exhibits decreasing returns to scale. C. The given production function exhibits constant returns to scale. D. The given production function exhibits increasing returns to scale. Choose the correct answer from the options given below:

Question

Option 1: A and D only

Option 2: A, B and C only

Option 3: A and C only

Option 4: A, B and D only

AfterBoards · Accepted Answer

The answer is 'A and C only'. View full solution:

CUET Economics 2026 11th May Shift 1 PYQs

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