Multiple Choice
In the production function Y = f(K,NA) ,for a given state of technology,constant returns to scale implies that output (Y) will increase by 7% when
A) K or NA increase by 7%.
B) K and N increase by 7%.
C) N or A increase by 7%.
D) N and A increase by 7%.
E) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
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