Multiple Choice
If there are constant returns to scale, how is the production function written?
A) xY = 2 x A F(L, K, H, N)
B) Y/L = A F(xL, xK, xH, xN)
C) Y/L = A F( 1, K/L, H/L, N/L)
D) xL = A F(1,Y, K, H, N)
Correct Answer:
Verified
Correct Answer:
Verified
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