Consider the Production Function $Q = \left[ c + a L ^ { \frac { \sigma - 1 } { \sigma } } + b K ^ { \frac { \sigma - 1 } { \sigma } } \right] ^ { \frac { \sigma } { \sigma - 1 } }$

question 83

Multiple Choice

Consider the production function $Q = \left[ c + a L ^ { \frac { \sigma - 1 } { \sigma } } + b K ^ { \frac { \sigma - 1 } { \sigma } } \right] ^ { \frac { \sigma } { \sigma - 1 } }$ where $c$ is some constant different than zero. This production function exhibits:

• A)decreasing returns to scale.
• B)constant returns to scale.
• C)increasing returns to scale.
• D)either decreasing or constant returns to scale, but more information is needed to determine which one.

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A learning process where two items are linked together in a person's mind, enhancing the recall of one item when presented with the other.

Ebbinghaus's Syllables

Arbitrary combinations of letters used by Hermann Ebbinghaus in his studies on memory, specifically in experiments related to the learning and forgetting curves.

Meter

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