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

question 66

Multiple Choice

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

• A)xY = 2xAF(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)L = AF(Y, K, H, N)

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