QUESTION 13 In the ideas sector production function, AA =ZALat, there are O A. decreasing returns to the ideas stock and labor. O B. constant returns to scale. O C. increasing returns to the ideas stock and labor. O D. decreasing returns to the ideas stock but increasing returns overall. O E. increasing returns to the ideas stock but decreasing returns overall.

QUESTION 13 In the ideas sector production function, AA =ZALat, there are O A. decreasing returns to the ideas stock and labor. O B. constant returns to scale. O C. increasing returns to the ideas stock and labor. O D. decreasing returns to the ideas stock but increasing returns overall. O E. increasing returns to the ideas stock but decreasing returns overall.

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter8: Costs And The Supply Of Goods

Section: Chapter Questions

Problem 9CQ

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