menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 30
  4. Exam
    Exam 4: A Model of Production
  5. Question
    A Production Function of the Form\(Y = K ^ { 2 } L ^ { 1 - a }\)
Solved

A Production Function of the Form Y=K2L1−aY = K ^ { 2 } L ^ { 1 - a }Y=K2L1−a

Question 19

Question 19

True/False

A production function of the form Y=K2L1−aY = K ^ { 2 } L ^ { 1 - a }Y=K2L1−a
exhibits constant returns to scale.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: The equation MPK = r* yields:<br>A) the

Q16: If the production function is given

Q18: Write down the firm's profit maximizing problem.

Q21: The following equation is an example

Q22: If MPK > r, the firm:<br>A) should

Q23: Which of the following production functions

Q24: In the United States, each year of

Q27: The marginal product of labor is measured

Q39: Figure 4.3: The Production Function <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6622/.jpg"

Q63: The marginal product of the labor curve

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines