In Cobb-Douglas production function Q = ALα Kβ there will be increasing returns to scale, if (a) α + β = 1 (b) α + β > 0 (c) α + β > 1 (d) α + β < 1

In Cobb-Douglas production function Q = ALα Kβ
there will be increasing returns to scale,
if
(a) α + β = 1
(b) α + β > 0
(c) α + β > 1
(d) α + β < 1
by

1 Answer

Answer :

(c) α + β > 1
by

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