Scenario 7.3: Use the Production Function: Q = 4L^1/2K^1/2

question 60

Multiple Choice

Scenario 7.3:
Use the production function: Q = 4L^1/2K^1/2.
-The production function in Scenario 7.3 exhibits:

• A) decreasing returns to scale.
• B) constant returns to scale.
• C) increasing returns to scale.
• D) all of the above at various levels of output.

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