True/False
The production function f(x, y)= x +y has constant returns to scale.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q36: A firm has the production function f(x,
Q37: If the production function is f(x, y)=
Q38: If the marginal product of each factor
Q39: A firm has the production function f(x,
Q40: A firm uses 3 factors to produce
Q42: The UJava espresso stand needs two inputs,
Q43: For each of the following production functions,
Q44: The production function Q = 50K<sup>0.25</sup>L<sup>0.75</sup> exhibits<br>A)increasing,
Q45: A firm has a production function f(x,
Q46: A production function has well-defined marginal products