Which of the Following Production Functions Exhibits Constant Returns to Scale

question 74

Multiple Choice

Which of the following production functions exhibits constant returns to scale?

• A) q = KL
• B) q = KL^0.5
• C) q = K + L
• D) q = log(KL)

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Definitions:

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Postconventional Morality

A stage of moral development in which individuals make ethical decisions based on internal principles and values, beyond societal norms.

Conventional Morality

A stage in Lawrence Kohlberg's theory of moral development during which individuals' moral reasoning is based on conforming to social rules, laws, and norms to maintain societal order.

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