If There Are Constant Returns to Scale, How Is the Production

question 31

Multiple Choice

If there are constant returns to scale, how is the production function written?

• A) xY = 2 x A F(L, K, H, N)
• B) Y/L = A F(xL, xK, xH, xN)
• C) Y/L = A F( 1, K/L, H/L, N/L)
• D) xL = A F(1,Y, K, H, N)

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Definitions:

Derived Class

A class in Object-Oriented Programming (OOP) that inherits properties and behaviors from another class, known as the base class or superclass.

Inheritance

A feature of object-oriented programming where a class can inherit properties and methods from another class.

Default Access

A type of access modifier in Java where a member is accessible within its own package and is not available from outside the package if no specific access modifier is specified.

Package Access

A type of access control in Java where members of a class are accessible within the same package but not from outside.