Solved

If the Exponents in the Production Function Were 0

Question 3

Multiple Choice

if the exponents in the production function were 0.40 for x1 and 0.40 for x2, this production function would exhibit (constant, increasing, decreasing) returns to scale and (would, would not) have diminishing technical rate of substitution.


A) increasing, would
B) decreasing, would not
C) constant, would
D) constant, would not
E) decreasing, would

Correct Answer:

verifed

Verified

Related Questions