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Consider the Production Function Y=2F(L,K,H,N) Y=2 F(L, K, H, N)

Question 33

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Consider the production function Y=2F(L,K,H,N) Y=2 F(L, K, H, N) . Suppose F(12,10,9,7)=100 F(12,10,9,7)=100 and F(24,20,18,14)=180 F(24,20,18,14)=180 . Does the production function have the property of constant returns to scale? Why or why not?

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No, the production function does not hav...

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