List of top Economics Questions on Production Function asked in CUET (PG)

Assuming that the production function is homogeneous of degree one and Euler’s equation holds, if MPL (marginal product of labour) is greater than APL (average product of labour), then

If Y = F(L,K) is a linear homogeneous production function, then multiplying all inputs by a constant factor α = 2 results in output increasing by a factor of:

Match List-I with List-II:

List-I		List-II
A	\( y = ln(x)\)	I	\(\frac{1}{x}\)
B	\(y=\frac{x^2}{4}\)	II	\(3x^2\)
C	\(y=x^3\)	III	\(\frac{x}{2}\)
D	\(y=x+1\)	IV	\(1\)

Choose the correct answer from the options given below

Which of the following production functions is NOT homogeneous of degree one?