Solved

With the Production Function Yt=AtKt1/3Lt2/3Y _ { t } = A _ { t } K _ { t } ^ { 1 / 3 } L _ { t } ^ { 2 / 3 }

Question 52

Multiple Choice

With the production function Yt=AtKt1/3Lt2/3Y _ { t } = A _ { t } K _ { t } ^ { 1 / 3 } L _ { t } ^ { 2 / 3 } , if we double ________, we have a constant returns production.


A) capital
B) capital, labor, and the stock of ideas
C) capital and the stock of ideas
D) capital and labor
E) labor and the stock of ideas

Correct Answer:

verifed

Verified

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

Related Questions