Which of the Following Production Functions Exhibit(s) Constant Returns to Scale

question 31

Multiple Choice

Which of the following production functions exhibit(s) constant returns to scale?
I. Q =
II. Q = 2K + L
III. Q = K^0.8L^0.2

• A) II and III
• B) I and II
• C) III
• D) I, II, and III

Comprehend the distinction between push and pull promotional strategies and their implementation.

Learn the steps involved in the sales process, including prospecting, demonstration, and closing.

Understand the concept and application of publicity in marketing efforts.

Understand the cognitive benefits of bilingualism and its influence on perceptual tasks.

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Definitions:

Variance

A permission granted by a government or regulatory body to deviate from the strict enforcement of zoning laws or regulations.

Nonconforming Use

involves the utilization of land or buildings that does not comply with current zoning laws, but is allowed because the use was established legally before the zoning laws were enacted.

Marketable Title

A property title that is free from disputes, liens, or any legal question, making it readily transferable to a new owner.

Warranty of Habitability

A legal requirement that landlords must provide and maintain livable conditions in rented properties.