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    Exam 4: Consumer and Firm Behaviour: The Work–Leisure Decision and Profit Maximization
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    Constant Returns to Scale Means That, Given Any Constant X
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Constant Returns to Scale Means That, Given Any Constant X

Question 32

Question 32

Multiple Choice

Constant returns to scale means that, given any constant x > 0,


A) xY = zF(xK, xNd) .
B) xY > zF(xK, xNd) .
C) xY < zF(xK, xNd) .
D) xY = ZxF(K, Nd) .
E) xY = xzF(xF, xNd) .

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