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The Table Below Shows Various Values of Labour (L),capital (K),and

Question 105

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The table below shows various values of labour (L) ,capital (K) ,and technology (T) for Economies A,B,and C.In each case,the aggregate production function takes the following form:
Y = T × The table below shows various values of labour (L) ,capital (K) ,and technology (T) for Economies A,B,and C.In each case,the aggregate production function takes the following form: Y = T ×     TABLE 25-4 -Refer to Table 25-4.The production function that applies to Economies A,B,and C displays A) increasing returns to scale. B) increasing marginal returns to labour. C) diminishing marginal returns to labour. D) constant returns to scale. E) Both C and D are correct. The table below shows various values of labour (L) ,capital (K) ,and technology (T) for Economies A,B,and C.In each case,the aggregate production function takes the following form: Y = T ×     TABLE 25-4 -Refer to Table 25-4.The production function that applies to Economies A,B,and C displays A) increasing returns to scale. B) increasing marginal returns to labour. C) diminishing marginal returns to labour. D) constant returns to scale. E) Both C and D are correct. TABLE 25-4
-Refer to Table 25-4.The production function that applies to Economies A,B,and C displays


A) increasing returns to scale.
B) increasing marginal returns to labour.
C) diminishing marginal returns to labour.
D) constant returns to scale.
E) Both C and D are correct.

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