Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Commerce Business Economics

In the Cobb- Douglas production function, Q = AKaLb, where 'a' and 'b’ are output elasticities of capital and labour, respectively. If a + b > 1, the underlying return to scale will be 

1
increasing
2
decreasing
3
constant
4
linear
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