Constant Returns to Scale Means That, Given Any Constant X

question 32

Multiple Choice

Constant returns to scale means that, given any constant x > 0,

• A) xY = zF(xK, xN^d).
• B) xY > zF(xK, xN^d).
• C) xY < zF(xK, xNd).
• D) xY = ZxF(K, Nd).
• E) xY = xzF(xF, xN^d).

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Definitions:

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