Let the Production Function Be Q = AL^aK^b

question 18

Multiple Choice

Let the production function be q = AL^aK^b.The function exhibits constant returns to scale if

• A) a + b = 1.
• B) a + b > 1.
• C) a + b < 1.
• D) Cannot be determined with the information given.

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Definitions:

NEMA Design B

A specification by the National Electrical Manufacturers Association for standard efficiency induction motors with normal torque and low starting current.

Full-load Speed

The speed at which a motor operates when it is carrying its rated load.

Label Designation

A system of identifiers assigned to items to indicate information such as control function, component type, and usage.

Stator

The stationary part of an electric motor or generator, containing coils of wire.