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Which of the Following Production Functions Exhibits Constant Returns to Scale

Question 23

Multiple Choice

Which of the following production functions exhibits constant returns to scale?


A) Y=K2/3Y = K ^ { 2 / 3 }
B) Y=K1/3L1/3Y = K ^ { 1 / 3 } L ^ { 1 / 3 }
C) Y=KaL1aY = K ^ { a } L ^ { 1 - a }
D) Y=K1/4L1/2Y = K ^ { 1 / 4 } L ^ { 1 / 2 }
E) All of these answers are correct.

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