Multiple Choice
Scenario 25-1.An economy's production form takes the form Y = AF(L,K,H,N) .
-Refer to Scenario 25-1.If the production function has the constant-returns-to-scale property,then it can be rewritten as
A) Y/L = AF(1,K/L,H/L,N/L)
B) Y/L = AF(L,1,H/L,N/L)
C) Y/L = AF(L,K/L,1,N/L)
D) Y/L = AF(L,K/L,H/L,1)
Correct Answer:
Verified
Correct Answer:
Verified
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