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
    The Production Function of the Form\(Y = K ^ { 1 / 2 } L ^ { 1 / 2 }\)
Solved

The Production Function of the Form Y=K1/2L1/2Y = K ^ { 1 / 2 } L ^ { 1 / 2 }Y=K1/2L1/2

Question 104

Question 104

True/False

The production function of the form Y=K1/2L1/2Y = K ^ { 1 / 2 } L ^ { 1 / 2 }Y=K1/2L1/2
exhibits constant returns to scale.

Correct Answer:

verifed

Verified

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

Related Questions

Q41: The law of diminishing marginal product to

Q73: If the U.S. total factor productivity is

Q99: Models simplify _ of decisions into just

Q99: Which of the following do(es) NOT explain

Q100: In the equation <span class="ql-formula"

Q102: Consider two countries, labeled 1 and

Q103: With a Cobb-Douglas production function

Q106: In the Cobb-Douglas production function

Q108: Which of the following production functions

Q112: The two main inputs we consider in

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