If the Production Function Is F(x, Y)= X + Min{x

question 37

True/False

If the production function is f(x, y)= x + min{x, y}, then there are constant returns to scale.

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Definitions:

Records

Structured data entries within a database table, each typically representing a single entity or object.

Sub

A Sub, short for Subroutine, is a sequence of program instructions that perform a specific task, packaged as a unit. It can be executed from multiple places within a program.

Function

In programming and software, a reusable block of code designed to perform a specific task or calculation, identified by a unique name.

Declaration

In programming, a declaration is a statement where a variable or function is defined, specifying its type and name, without necessarily allocating storage or assigning a value.