QUESTION 25 Which of the following production functions exhibits constant returns to scale? OA Y=KL O B. Y=KªL1-a ocY=K!/3_ 1/3 O D. Y=K1/4 1/2 O E. V=K2/3
QUESTION 25 Which of the following production functions exhibits constant returns to scale? OA Y=KL O B. Y=KªL1-a ocY=K!/3_ 1/3 O D. Y=K1/4 1/2 O E. V=K2/3
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter7: Production Economics
Section: Chapter Questions
Problem 1.5CE
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