Answer
$2P(L,K)$
Work Step by Step
1)If the amounts of labor and capital are both doubled, we replace L,K in the function with 2L,2K.
$P(2L,2K)$
$=1.01(2L)^{0.75}(2K)^{0.25}$
$=1.01(2)^{0.75}(2)^{0.25}L^{0.75} K^{0.25}$
$=(2)^{1}1.01L^{0.75} K^{0.25}$
$=2P(L,K)$
2) It is also true for general case
$2P(L,K)=bL^{a}K^{1-a}$
$=b(2)^{a}(2)^{1-a}L^{a} K^{1-a}$
$=2P(L,K)$