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Which of the Following Equations Best Represents the Concept of Constant

Question 51

Multiple Choice

Which of the following equations best represents the concept of constant returns to scale?

A) 3Y = AF(3K, 3L)
B) 2Y = 2AF(2K, 2 L)
C) 1/4Y = (AF / 4 ) (4K, 4L)
D) 5Y = [AF(K, L) ] / 5

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